March 14, 2023 09:47 GMT
All the action is in Bonds
CROSS ASSET
- All the action is in Government Bonds, with downside continuation in EGBs.
- Already a massive 500k lots traded in Schatz, with another 6k sold.
- Small support in Bund is seen at 135.16, and break below the latter opens to 134.61 38.2% retracement of the Mar 2 - 13 rally.
- US Treasuries are getting dragged by Europe.
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