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BONDS: Flow In The Driving Seat As Weakness extends

BONDS

Bonds extend lower, with gilt futures the first of the major 10-Year contracts to test yesterday’s low.

  • A WN block sale weighed on the U.S. long end, but there has been little else to add to an already limited list of fundamental ‘explainers’.
  • Screen flows flagged in the prior bullet are driving things in recent trade.
  • No real signs of demand seen on the back of the latest Israeli strikes on Beirut.
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Bonds extend lower, with gilt futures the first of the major 10-Year contracts to test yesterday’s low.

  • A WN block sale weighed on the U.S. long end, but there has been little else to add to an already limited list of fundamental ‘explainers’.
  • Screen flows flagged in the prior bullet are driving things in recent trade.
  • No real signs of demand seen on the back of the latest Israeli strikes on Beirut.