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BLOCK, Large Mar'24 2Y/10Y Ultra Flattener

US TSY FUTURES

Large 2Y/10Y Ultra bond flattener posted at 1248:22ET helping keep curve off earlier highs

  • -21,153 TUH4 102-14.5, sell through 102-15.75 post time bid, DV01 $808,000 vs.
  • +9,376 UXYH4 115-23, actually below 115-23.5 post time bid but given size of 2Y sale through, desks posit a buy, DV01 $858,000

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