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FV/TY Block, Suggest A Flattener

US TSY FUTURES

Latest block trade lodged at 10:09:43 London/05:09:43 NY:

  • FVU3 4.0K lots blocked at 106-09 (DV01 equivalent ~$169K).
  • TYU3 2.5K lots blocked at 110-19 (DV01 equivalent ~$165K).
  • Hard to be 100% sure of direction but subsequent price action on the curve suggests it was a flattener, which would be the second such trade in that direction and of that size of the London morning.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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