US TSYS: Curves Extend Steeper as Bonds Reverse Midmorning Bid

Dec-27 17:20
  • Midmorning support that saw Mar'25 10Y futures rise to 108-23 (+2) has evaporated, still inside the session range the 10Y contract trades 108-16.5 (-4.5) last. No particular headline driver, more position related on light post-holiday volumes (TYH5 just over 600k).
  • Curves extend steeper as short end rates continue to outperform, 2s10s +4.096 at 29.125, 5s30s +2.465 at 35.982.

Historical bullets

US TSYS: US TSY TO SELL $72.000 BLN 26W BILL DEC 02, SETTLE DEC 05

Nov-27 17:23
  • US TSY TO SELL $72.000 BLN 26W BILL DEC 02, SETTLE DEC 05

US TSYS: US TSY TO SELL $81.000 BLN 13W BILL DEC 02, SETTLE DEC 05

Nov-27 17:23
  • US TSY TO SELL $81.000 BLN 13W BILL DEC 02, SETTLE DEC 05

US TSYS: US TSY TO SELL $75.000 BLN 42D BILL DEC 03, SETTLE DEC 05

Nov-27 17:23
  • US TSY TO SELL $75.000 BLN 42D BILL DEC 03, SETTLE DEC 05