June 06, 2024 07:51 GMT
TY/UXY Flattener Blocked
US TSY FUTURES
Latest block trades lodged at 08:23:58 London/03:23:58 NY:
- TYU4 3K lots blocked at 110-07, looks like a seller.
- UXYU4 2K lots blocked at 113-31, looks like a buyer.
- Looks like a TY/UXY flattener.
- This comes with the cash 7-/10-Year yield curve trading around flat, a mark that it has struggled to break above on a sustained basis in recent months.
Fig. 1: U.S. 7-/10-Year Tsy Yield Curve (bp)
Source: MNI - Market News/Bloomberg
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