July 16, 2024 06:13 GMT
TY/WN Flattener Blocked
US TSY FUTURES
Latest block trade lodged at 06:51:46 London/01:51:46 NY:
- TYU4 5.0K lots blocked at 111-03, looks like a seller.
- WNU4 1.6K lots blocked at 126-21, looks like a buyer.
- Would suggest a ~$325K DV01 TY/WN flattener.
- Comes with the 7-/30-Year curve trading ~2.5bp below ’24 highs.
Fig. 1: 7-/30-Year Tsy Yield Curve (bp)
Source: MNI - Market News/Bloomberg
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