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A steadier price action

CROSS ASSET
  • The Dust has clearly settled across multi assets, FX, Govies, Commodity, STIRs and Equities.
  • Volumes have also slowed down, following a record volume session overnight in Tnotes (TYM4), with 700k lots trading pre European cash Govie open.
  • Although Bonds futures are showing and trading in green territory, they still trade closer to the high Yields tech levels.
  • As mentioned on the open, the 2024 high in Bund at 2.512%, is lower today, down 130.93, and for the 4.70% level in US 10yr is also lower today, at 107.11.
  • Some focus will be on the US Equity cash open, with Option expiries, which can always provide some Volatility into and post Open.

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