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US TSY FLOWS

Trading desks reported better real$ selling of long end Tsys during Asia hours, two-way with misc sellers in the belly, central bank buying 2s-5s. Surprisingly robust volumes ahead the holiday, TYH2 > 370k at the moment.

Volume surge around the Asia/London crossover included steepener Block package: 5s and 10s vs 30s at 0212:42ET:
  • +5,120 FVH3 121-16.75, buy through 121-15.75 post-time offer
  • +3,720 TYH2 131-18.5, buy through 131-18 post-time offer
  • -2,560 USH2 163-13, sell through 163-16 post-time bid

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