February 19, 2025 10:43 GMT
US TSY FUTURES: FV/TY Steepener Blocked
US TSY FUTURES
Latest block trades lodged at 10:24:02 London/05:24:02 NY:
- FVH5 12.5K lots blocked at 106-07, looks like a buyer.
- TYH5 8.0K lots blocked at 108-23, looks like a seller.
- Looks like a FV/TY curve steepener.
- DV01 ~$510K.
- Cash 5s7s 1.1bp steeper on the day at ~8.4bp, sticking within the 6.8-10.2bp closing range seen in February.
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