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BONDS: Fresh Selling Seen

BONDS
BulletMarketsFixed Income Bullets

Fresh selling emerges over the last hour or, TY seemingly leading the move as the contract hits a fresh session low.

  • Bund and gilt futures respecting this morning’s lows thus far.
  • No overt headline driver here, some block flow seen in Tsy futures, but not heavy enough to account for the weakness.
  • Similarly, the corporate issuance schedule doesn’t look heavy at this stage.
  • Oil off lows to trade little changed on the day, but that move isn’t particularly sizeable.
  • Core curves bear flatten, periphery widens a little again vs. Bunds.
  • We will continue to look for a driver.
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Fresh selling emerges over the last hour or, TY seemingly leading the move as the contract hits a fresh session low.

  • Bund and gilt futures respecting this morning’s lows thus far.
  • No overt headline driver here, some block flow seen in Tsy futures, but not heavy enough to account for the weakness.
  • Similarly, the corporate issuance schedule doesn’t look heavy at this stage.
  • Oil off lows to trade little changed on the day, but that move isn’t particularly sizeable.
  • Core curves bear flatten, periphery widens a little again vs. Bunds.
  • We will continue to look for a driver.