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Off Lows Ahead Dec FOMC Minutes

US TSY FUTURES
Tsy futures have bounced off lows over the last hour, participation thinning ahead the Dec FOMC minutes release, price action a little whippy after 30s neared Tue's lows (30YY tapped 2.0918% high; 10YY 1.6841%).
  • Decent overall volumes, TYH2>1M already with two-way positioning ahead the release. Option desks reporting some modest hedging for a no-hike, more-dovish forward guidance in March via EDH2 ratio call flys.

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