January 09, 2025 14:46 GMT
BUNDS: Another elevated Volume session
BUNDS
- While some US Desks are out on a US National Day of Mourning, volumes in Tnotes have been ok considering, but they continue to standout in Bund.
- Yesterday was the highest traded volume session for the German March contract, and volumes overall for 2025 have been above averages at least for that expiry.
- The only day that beats Yesterday's Volume was on the 12th December, but this was driven by the Roll in early December.
- EGBs are far more stable with mostly two way flows in Bund, BTP and OAT for the past hour or so, most Desks will now look to the US NFP/AHE Tomorrow.
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