July 12, 2024 12:53 GMT
Bonds are back at pre US Data levels, USD is paring gains
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- Big lifts here in Treasuries as they fully reverse the initial sell off, to trade back at pre PPI levels.
- TYA bought in 10k, FVA 5k, USA 1k.
- Around 250k lots traded in TYU4 since the Data, nothing massive compared to the volumes that went through post CPI Yesterday.
- The German Bund is also close to pre data level, was trading around 131.63.
- Similar unwind in the Dollar, EURUSD and Cable are back at session high.
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