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Extending Session Highs

US TSY FUTURES
Tsy futures have quietly extended session highs last few minutes -- USZ1 back to Sep 24 levels, while FVZ and TYZ are trading back at mid-October levels. In turn, yield curves mixed: flatter in the short end while 5s and 10s vs. 30s holding steeper.
  • Sources report two-way in the short end w/ leveraged acct selling 2s-3s vs. fast$ and prop acct buying in 2s-5s, continued real-$ selling in 10s-30s. Modest deal-tied rate locks earlier and swap-tied paying in 5s.

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