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BLOCKs: Sep'23 10Y, Ultra-Bonds

US TSY FUTURES
Block spread appears to be a 10Y/30Y ultra flattener with the 10Y leg trading through the bid at 0932:06ET. The Block is off the suggested CME inter-commodity spread of 4:1, however. Desks report a DV01 of $470k:
  • 6,855 TYU3 113-20.5, through 113-21.5 post-time bid
  • 2,091 WNU3 136-11, initially the post-time bid

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