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Tsys still trade weaker but moving.....>

US TSY FLOWS
US TSY FLOWS: Tsys still trade weaker but moving steadily off midmorning lows
over last hour, volumes remain tepid but better than prior session at least
w/TYU already >620k.
- Sources report two-way flow across the curve, recent short end buyers covering
shorts in 2s,, earlier weakness tied to United Healthcare issuance though
details on size of 5-tranche issuance no public yet, dealer +30s, fast$ and
props doing steepeners as long end sold off earlier, option-tied buying in 10s
and 30s.
- The 2-Yr yield is up 1.1bps at 1.8229%, 5-Yr is down 0.3bps at 1.7998%, 10-Yr
is up 0.2bps at 2.0481%, and 30-Yr is up 1.1bps at 2.5821%.

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