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Climbing Off Lows, 10Y Block Buy

  • Treasury futures see-sawing off late overnight lows, latest BLOCK buy contributing:
    • +8,237 TYZ3 105-23, buy through 105-22 post-time offer at 0839:08ET, DV01 $536,000.
  • 10Y yield currently +.0536 at 4.9673% after climbing above 5% for the first time since Sep'07 earlier to 5.0187% high. Decent volumes (TYZ3 over 600k).
  • Curves resume climb off deeper inverted levels: 3M10Y +4.753 at -51.009, 2Y10Y +1.919 at -14.454 vs. -11.024 overnight high - the least inverted level since mid-2022.


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