Another busy, and choppy session....>

US TSYS SUMMARY: Another busy, and choppy session for Treasuries. 

-The long end strip is still lacking direction, with the 10 yr (TYH0) 7 ticks

lower at the time of typing. 

-Price action was a continuation of the divergence across assets during the

Asian hours. 

-Correlations decoupled somewhat, but in decent trading volumes. 

-It is once again pretty clear, that Covid-19 is at the forefront, with cross

assets taking their cue from risk. 

-The lack of conviction either way, bullish/Bearish Bond has been an opportunity

for some investors and market participants to roll more March contracts into

June. 

-Roll pace, shows TYA running at 70%, FVA at 81% and TUA at 77%. 

-2y yields down -2.0bp at 1.192% 

-5y yields unch at 1.184% 

-10y yields up 1.1bp at 1.365% 

-30y yields up 2.4bp at 1.850%