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Bonds Leading Midday Gains

US TSY FUTURES
  • Curves remain flatter (2Y10Y -41.673 at -25.034) as Bonds drift higher early in the second half. Still off overnight highs, 30Y futures are +3 at 110-02, 10Y futures briefly traded steady at 106-15.5, TYZ3 still well within technical levels: resistance: 107-05+ 20-day EMA, support: 105-10+ Low Oct 19.
  • Recent 5Y Block buy +5,900 FVZ3 104-18.25, post time offer at 1310:18ET, DV01 $250,000, did little to support contract currently trading 104-18 last (-1.75).

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