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Bonds Still Bid but Support Evaporating

US TSY FUTURES
Futures still in the green across the board but support has been gradually evaporating over the last 40 minutes, nearing session if not overnight lows. Equities holding gains, eminis back near early Tuesday levels (ESM1 +56.0 at 4163.0.
  • Moderate volumes (TYM1 1.22M) in Tsy futures, two-way positioning from fast$, prop and option acct hedging, no deal tied flow, some light steepener resets after curves bull flattened earlier.
  • After slow start for data next week, focus on Apr FOMC minutes on Wednesday.

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