Choppy trade in rates continues,.....>

US TSY FUTURES: Choppy trade in rates continues, after more concerted round of

selling pushed rates to new session lows, Tsys drawing some recent buying near

lows last few minutes. Heavy volumes w/TYU already over 900k as mkts trade

sloppy w/little react to data but a lot of unwinds and open interest declining

last couple sessions. Knock-on selling in EGBs, GGBs spilled over to Tsys;

likelihood of more stimulus weighing. Meanwhile, yld curves surge steeper (5s30s

back to early 2017 lvls). Update:

* 3M10Y  +6.192, 65.307 (L: 56.951 / H: 66.885)

* 2Y10Y  +5.140, 60.53 (L: 54.733 / H: 61.656)

* 2Y30Y  +4.816, 138.676 (L: 133.181 / H: 140.624)

* 5Y30Y  +2.271, 118.619 (L: 116.344 / H: 119.92); Current futures levels: 

* Sep 2-Yr futures up 0.25/32 at 110-10 (L: 110-09.375 / H: 110-10.875)

* Sep 5-Yr futures down 3.75/32 at 125-3.25 (L: 125-01.5 / H: 125-10.5)

* Sep 10-Yr futures down 12.5/32 at 137-25.5 (L: 137-23 / H: 138-12)

* Sep 30-Yr futures down 1-2/32 at 174-14 (L: 174-02 / H: 176-01)

* Sep Ultra futures down 1-22/32 at 210-29 (L: 210-04 / H: 213-25)