Paring Gains

While mid-morning rally in Tsys to about 20 minutes ago driven by hot air, Tsys now are paring gains (equities staying close to home). Potential drivers:

Month end flow-related or ... headline driven: "GERMANY EXPECTS 2020 CONTRACTION WON'T BE AS DEEP AS FORECAST" Bbg

• 3M10Y -0.98, 60.737 (L: 58.522 / H: 64.029)
• 2Y10Y -1.208, 58.012 (L: 55.92 / H: 61.258)
• 2Y30Y -1.646, 135.563 (L: 132.545 / H: 139.943)
• 5Y30Y -1.255, 121.799 (L: 119.373 / H: 125.114)
• Current futures levels:
• Dec 2Y down 0.12/32 at 110-15 (L: 110-14.5 / H: 110-15.5)
• Dec 5Y down 0.25/32 at 125-31.5 (L: 125-29.5 / H: 126-01.5)
• Dec 10Y up 2/32 at 139-05 (L: 138-30 / H: 139-09)
• Dec 30Y up 12/32 at 175-05 (L: 174-06 / H: 175-24)
• Dec Ultra 30Y up 1-4/32 at 219-14 (L: 217-04 / H: 220-23)