-3,500 UXYM5 111-08, sell through 111-09 post time bid, DV01 $303,000.
The 10Y ultra contract trades 111-05.5 last (-30)
US TSY FUTURES: Post-Auction Selling Extends
May-21 17:22
Treasury futures extend session lows post auction, curves bear steepen (2s10s +4.122 at 5.349) with bonds yield climbing to 5.0521% high - highest since late October 2023. 10Y yield up to 4.5665% (+.0796).
The Jun'25 10Y futures contract trades 109-19 low (-19.5) just above initial technical support at 109-18.5 (May 15 low) - strengthening a bearish theme and exposing key support at 109-08, Apr 24 low and a bear trigger.
Cross asset update: Gold up 22.0 at 3312.13, stocks weaker again with rise in bond yield (SPX emini -55.5 at 5509.25), Crude mildly weaker (WTI -.10 at 61.93)
PIPELINE: Corporate Bond Update: Waiting for Citibank 4Pt