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Brief Dip Extends Overnight Lows

US TSY FUTURES
Futures still trading firmer after bout of selling extended overnight lows last few minutes -- bouncing back near middle of range albeit on modest volumes, TYH2 adding appr 40k to 280k on the dip.
  • No obvious headlines or block/crosses. Decent pick-up in high-grade corporate issuance from GSIBs spurring some rate locks with focus in intermediates.
  • 5Y yield just off 2Y highs at 1.3606% (1.3688%H)

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