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Choppy trading and light volumes....>

US TSYS SUMMARY
US TSYS SUMMARY: Choppy trading and light volumes (TYs ~ 156k traded) have been
the trend for most of the European morning as the week winds down.
- Mild safe haven bid overnight on reports of a Remdesivir-as- COVID-cure trial
flop + European Council stalemate on relief stimulus, but Tsys sold off at
0500ET on no particular news as equities shot higher (heard a program order may
have been the culprit but unconfirmed).
- The 2-Yr yield is up 0.3bps at 0.2225%, 5-Yr is up 0.1bps at 0.3702%, 10-Yr is
up 0.1bps at 0.6024%, and 30-Yr is up 0.5bps at 1.1858%.
- Jun 10-Yr futures (TY) up 1/32 at 139-01.5 (L: 138-30.5 / H: 139-07.5)
- Data: March durable goods at 0830ET; final April UMich sentiment at 1000ET.
- NYFed buying $15.5bln today in Tsys, 0-2.25Y and 7.5Y-30Y buckets.

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