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Second half trade so quiet since.....>

US TSY FUTURES
US TSY FUTURES: Second half trade so quiet since the 3Y auction tailed, easy to
overlook that Tsy futures have finally broken range, extending session lows, yld
curves bear steepening again. Not a risk-on moment w/equities weaker (ESH0 -6.0)
and Gold higher (+4.06), Tsys partially pressured by second day of heavy
deal-tied hedging. While underlying geopol risk remains lack of visible
retaliation/further offensive moves is spurring some unwinding safe haven
support. Update:
* 3M10Y  +0.846, 27.931 (L: 24.198 / H: 28.525)
* 2Y10Y  +1.409, 27.655 (L: 25.576 / H: 27.883)
* 2Y30Y  +1.734, 75.656 (L: 72.835 / H: 75.944)
* 5Y30Y  +0.751, 68.421 (L: 66.599 / H: 68.709); Current futures levels:
* Mar 2-Yr futures steady at  at 107-25.5 (L: 107-24.875 / H: 107-26.625)
* Mar 5-Yr futures down 1.25/32  at 118-29.5 (L: 118-29 / H: 119-01.25)
* Mar 10-Yr futures down 3/32  at 129-5 (L: 129-05 / H: 129-12.5)
* Mar 30-Yr futures down 14/32  at 157-13 (L: 157-12 / H: 158-03)
* Mar Ultra futures down 26/32  at 184-0 (L: 183-29 / H: 185-04)

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