There’s lots of talk about the curve now and the amount of issuance coming from the Fed/Treasury so there is definitely a lot supply weighing on the long end.
This move down in 30s has been my call with the curve being as flat as it is so I’m still playing core long in 2s only and been short 10s and 30s.
I’m booking my 30yr short for gains down here now as it is oversold.