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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

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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