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BLOCK: Large Mar'24 5Y/30Y Ultra Bond Pre-Data

US TSY FUTURES
  • Large 5Y/30Y Ultra curve Blocked at 0941:18ET:
    • 21,705 FVH4 108-12, through 108-13.25 post time bid, DV01 $920,300 vs.
    • 4,372 WNH4 129-13, post time offer, DV01 $897,600.
  • Important to note: latest cross adds to large flatteners/curve steepener unwinds reported this week. Curves have rebounded this morning, however, 2s10s +4.950 at -25.517. Real $ sticking with the flattener while waiting for guidance from the Fed at this afternoon's policy meeting.

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