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Curves Quietly Off Flatter Levels

US TSY FUTURES
Curves rebounding from flatter levels, recent 2Y Block buy contributing:
  • +10,000 TUM2 at 105-08.75, buy through 105-08.5 post-time offer at 1235:00ET.
While 2s trim losses -- bonds have pared gains, USM2 just now trading near steady. 2s10s spd -3.457 at 18.855 is well off first half low of 14.108. No particular headline driver for the move, likely position squaring ahead the weekend.

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