Yield Curve Movements  Basis point cumulative shifts of the implied spot yield curve during the day 8:00am-5:00pm . The curve shifted down along most of the curve in response to the positive economic news of the day.

Net Basis Movements the time trends of the futures prices and the cheapest to deliver (CTD) forward price. The net basis was tight through the day

Decomposition of the Net Basis There is a significant cheap/rich movement through the day varying from over 0.06 to less than  -0.01.

Cheap/Rich Trends of the September Contracts Both the 10 and 30 year ch/rh remained volatile.