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Cross-Current Ahead CPI

US TSY FLOWS
Tsy futures holding inside narrow overnight range after the NY open, curves mixed w/5s30s appr 1.0 steeper at 57.0. Selling of 10s-30s on the open as volumes pick up (TYH2 >345k) ahead Dec CPI (0.4% MoM, 7.0% YoY est).
  • Overnight trade included Asia real$ buying intermediates, misc acct selling long end earlier, deal- and pre-auction short sets ahead today's $36B 10Y note auction re-open (91282CDJ7).

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