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BONDS: Bonds and STIRs are finding a bid

BONDS
  • Some demand in Govies, off their respective lows, next Yield resistance levels hold, as the US starts to join the European session.
  • Despite the quieter start on the data front for the week, volumes are above averages for this time of the day, latest flows right now have seen buyer TYA in 4k, FVA 2.5k, TUA 2.8k, and on this side of the Pond, BTP and OAT in 1k, all cumulative volumes.
  • Broader bids are also seen in the Euribor strip.
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  • Some demand in Govies, off their respective lows, next Yield resistance levels hold, as the US starts to join the European session.
  • Despite the quieter start on the data front for the week, volumes are above averages for this time of the day, latest flows right now have seen buyer TYA in 4k, FVA 2.5k, TUA 2.8k, and on this side of the Pond, BTP and OAT in 1k, all cumulative volumes.
  • Broader bids are also seen in the Euribor strip.