GFBP + Month End Settles
Nat Gas & US Yield Curves Pave the Way
As we look back at August, many might focus upon the performance of the Nasdaq, but here are a few other important highlights for the futures markets we cover:
Natural Gas posts a +35.5%
US Yield Curves steepen out as the US Govt 5s10 (FIT) was +10.8bp or 33.5%, the US Govt 5s30 (FOB) steepened +20.6bp or 20.9%, the US Govt 10s30 (NOB) +9.8bp
Silver posted a +17.3%
Biggest losers were bond yields as the bear steepening caused US Govt 30Y yields to rise +25.5bp to 1.45%
Here is the August Settlement sheet notice the massive Tech led Nasdaq index outperformance continuing:
The US bond market curve did see some steepening profit taking as the long end outperformed today into month end:
