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Rates continue to power higher,........>

US TSY FLOWS
US TSY FLOWS: Rates continue to power higher, yield curves bull flattening
albeit amid lighter volume (TYU just over 830k). Sources noting some steepener
unwinds on the heels of recent 5s30s flattener block; real$ buying long end, vs.
light swap-tied selling.
- Decent option related hedging volume while Sep/Dec Tsy roll gradually picks
up.
- The 2-Yr yield is down 6.3bps at 1.5837%, 5-Yr is down 8.7bps at 1.4927%,
10-Yr is down 9.9bps at 1.6454%, and 30-Yr is down 12.5bps at 2.1339%.

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