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Bonds rally to session high, Safer Haven favoured

CROSS ASSET
  • Bund test Yesterday's high, but next upside area will be at 129.62 (gap).
  • Broader buying going through, Bund in 5k, TUZ3 2.5k, TYA 3k, and BTP, OAT also finding some upside momentum, on Safer haven flow.
  • Also, some report that missiles were fired from Lebanon towards Israel has been a supporting factor.
  • German 30y (Buxl) leads, with the 30yr Yield falling to its lowest level since the 22nd September.
  • With the shorter end really lagging, the 2s/30s falls to -14.28.

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