October 02, 2024 11:44 GMT
BONDS: Stabilsing
BONDS
Core global FI stabilises in recent trade, aided by OAT reaction to the latest French fiscal headlines and dovish comments from Japanese PM Ishiba (both covered in recent bullets).
- A block buyer in TY futures also contributed to the stabilisation.
- Recoveries remain shallow at this stage, with the bulk of the London morning sell off holding.
- 10s lead the weakness on both the German & UK curves, while 30s sell off the most in the U.S.
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