June 12, 2024 07:56 GMT
US/WN Steepener Blocked
US TSY FUTURES
Latest block trades lodged at 08:27:46 London/03:27:46 NY:
- USU4 5.0K lots blocked at 117-24, looks like a buyer.
- WNU4 3.3K lots blocked at 124-26, looks like a seller.
- Would point to a ~$650K DV01 stepeener.
- That comes after a pullback from the early June year-to-date highs in the 20-/30-Year Tsy yield spread.
Fig. 1: U.S. 20-/30-Year Yield Spread
Source: MNI - Market News/Bloomberg
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