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Red Put Spread Buyer

FED

NY Fed Operational Purchase

Curve reverse and move steeper

US TSYS
Some reversal in US treasuries and German curve, with better selling occurring in the longer end.
  • Both country's curves are moving bear steeper, and US 5/30s corrects from a 2 months low, after flattening for 6 consecutive days.
  • Regarding rolls, TYZ0/TYH0 has traded 31k outright, and likely some also done on legs with 44k lots traded in the March contract.
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com