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Post Auction Trade

US TSYS
Futures back near early pre-data levels in aftermath of weak 20Y auction selling. Option implied vols stable on the move but put skew gets a boost after raft of 10Y OTM put buying in lead up to move.
  • Yld curves have had a choppy day, running mildly flatter at moment after the week openers bear steepening.
  • Heavy session volumes include increased 2s-10s March/June rolls ahead Feb 26 first notice: TUH/TUM w/69k, FVH/FVM w/98k, TYH/TYM w/66k.

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