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BONDS: Futures are drifting lower

BONDS
  • Order flow related moves in Govies, nothing fast, and given the lower liquidity, this means that it doesn't take much in terms of order size to move Markets a few ticks.
  • But more selling in TYZ4 now testing session low, BTP is sold in over 1k and the front Euribor (ERZ4) is sold in over 5k.
  • Small support in TYZ4 is up to 114.22, followed by 114.16 (Yesterday's low).
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  • Order flow related moves in Govies, nothing fast, and given the lower liquidity, this means that it doesn't take much in terms of order size to move Markets a few ticks.
  • But more selling in TYZ4 now testing session low, BTP is sold in over 1k and the front Euribor (ERZ4) is sold in over 5k.
  • Small support in TYZ4 is up to 114.22, followed by 114.16 (Yesterday's low).