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Bonds Gap Bid

US TSY FUTURES

Yield curves unwind portion of Tue's steepening as 30Y Bonds gap bid last few minutes, extending well past early overnight highs. No obvious headline or flow trigger as 30YY declines to 3.0337% (-0.0114) vs. 3.0845% high during early London trade. Curves: 2s10s -2.147 at 26.206, 5s10s -1.096 at 1.242. Moves could be aftermath of month end positioning after whippy Tsys moves late Tuesday.

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