November 28, 2024 09:26 GMT
BONDS: A 30 ticks unwind in French OATs
BONDS
- A 30 ticks unwound in French OAT, the move is Bund led, but surprisingly the Italian BTP futures is holding up well despite some heavy supply.
- The French 10yr perfectly tested that retracement level in the 10yr Yield, noted at 2.967%, equated to 126.11, the Yield has printed a 2.967% low and Futures a 126.11 high so far today.
- There has been a small pick up in Volumes in Bund following the German Regional CPIs, but the overall price action has still mostly been a two way, Roll flows have also been limited, with only 10% of the front Month Volume in Bund spread related.
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