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BLOCK, Jun'23 5Y, 30Y Ultra-Bond

US TSY FUTURES
Recent Block post at 0845:01, both legs through the post-time offer, but given the amount the 5Y was bought through the offer, desks are assuming the cross is a steepener (despite this mornings bear curve flattening):
  • 11,200 FVM3 109-03, through 109-00.25 post time offer vs.
  • 2,150 WNM3 139-00, through 138-31 post-time offer

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