December 23, 2024 19:00 GMT
US TSY FUTURES: BLOCK: Large Mar'25 2Y/5Y Curve Cross
US TSY FUTURES
- A large 2s5s curve block posted at 1339:35ET:
- 17,300 TUH5 102-21.38, slightly through the 102-21.25 post time offer vs.
- 15,300 FVH5 106-04.37, well through the 106-03.75 post time offer.
- Despite both legs printing through their respective offers, the breadth of the 5Y leg through the offer implies a 2s5s flattener
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