February 07, 2025 08:00 GMT
US TSY FUTURES: TU Blocks Lodged
US TSY FUTURES
A couple of TU block trades lodged over the last 25 minutes or so.
- TUH5 10K lots blocked at 102-26.25, looked like a seller.
- TUH5 10K lots blocked at 102-25.875, looked like a seller.
- DV01 across the 2 blocks ~$740K.
- Explains the recent downtick in bonds.
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