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Tsys trading lower, weaker again.....>

US TSY FUTURES
US TSY FUTURES: Tsys trading lower, weaker again after attempt to move off late
overnight lows on heavy volume (TYH>565k), some dip buying after 10Y yld climbed
to 2.6126% (March 2017 highs). Reports of stops triggered in futures on way
down, chatter of negative convexity hedging on breach of 2.6% (2.62% had been
rumored trigger a week ago) during London hours. Latest curve update:
* 2s10s +1.233, 55.550 (55.799H/53.537L);
* 2s30s +2.191, 83.167 (83.499H/79.930L);
* 5s30s +1.933, 47.032 (47.392H/44.126L); 
Current futures levels:
* Mar Ultra bonds down 1-3/32 at 163-12 (163-09L/164-15H)
* Mar 30-yr Bond futures down 25/32 at 149-17 (149-16L/150-08H)
* Mar 10-yr futures down 6.5/32 at 122-14.5 (122-12.5L/122-19H)
* Mar 5-yr futures down 2.25/32 at 115-07.75 (115-06.25L/115-09.5H)
* Mar 2-yr futures down .25/32 at 106-24 (106-23.5L/105-24.75H)

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