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Bonds make an attempt at  their respective highs

CROSS ASSET
  • Bund again fails to break its intraday high of 128.49, with resistance still seen at 128.59 Yesterday's high initially.
  • Treasuries are seeing similar lack of traction, TYA was bought in 3k and USA 1.2k, but 1 big tick off the high for TYZ3.
  • In FX, the EURUSD is drifting back close to the 1.0600 figure.
  • Recall, there's decent size of option expiry today, with 3.08bn at 1.0600, which could act as a magnet.

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