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Bonds and Dollar

CROSS ASSET

USD sees continued better buying since the European Govies open.

  • Bund and EGBs have led US treasuries lower, small move higher in US Yield, as Europe take stock of the NFP beat last Friday.
  • Bund has so far held at the initial support 171.39 noted on the open (did print 171.37 low).
  • The kiwi still leads losses in G10, down 0.57% with support target at Friday/Monday low at 0.7013-0.7016 respectively (printed 0.7017 low)
  • The British Pound isn't far behind, down 0.42%, as market participants awaits on any potential decision from MHRA regarding Astra's restrictions

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