January 08, 2025 07:41 GMT
US TSY FUTURES: FV/US Flattener Blocked
US TSY FUTURES
Latest block trades lodged at 07:20:39 London/02:20:39 NY:
- FVH5 10,400 lots blocked at 106-01.75, looks like a seller.
- USH5 3,298 lots blocked at 112-08, looks like a buyer.
- Points to a flattener, DV01 over $400K.
- 5s20s curve ~0.5bp flatter since the block, curve still set for steepest close since October 25.
Fig. 1: U.S. 5-/20-Year Yield Curve (bp)
Source: MNI - Market News/Bloomberg
Keep reading...Show less
57 words