June 13, 2024 10:14 GMT
FV/TY Steepener Blocked
US TSY FUTURES
Latest block trades lodged at 10:39:23 London/05:39:23 NY:
- FVU4 7.5K lots blocked at 106-22+, looks like a buyer.
- TYU4 5.0K lots blocked at 110-06, looks like a seller.
- Would point to a ~$320K FV/TY steepener.
- Little net movement in the 5-/7-Year yield curve in the time since the block was lodged, with that measure trading around the middle of the multi-week range at typing.
Fig. 1: U.S. 5-/7-Year Yield Curv
Source: MNI - Market News/Bloomberg
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