May 22, 2024 13:55 GMT
Back to pre UK CPI level
BUNDS
- It took close to 8 hours, but Bund is now back at pre UK CPI beat level, was trading Circa 130.68/130.70.
- Most likely some squaring from European Prop and Locals desks as we head into the later part of the European session.
- Bund is bought in 5k, Gilt 1.3k, and US TYM4 10k all cumulative and not spread related for Gilt and Treasuries.
- BTP Block trade buyer: IKM4 2.93k at 117.73.
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