November 12, 2024 08:15 GMT
BONDS: US Tnotes tests Yesterday's low
BONDS
- US Tnotes (TYZ4) is making an attempt at Yesterday's printed low of 109.25+, but better support is seen towards 109.14, followed by 109.07, the November low.
- The early price action is pushing the Tnotes/Bund spread 3.7bps wider, and eyeing a test at last Week's high of ~202.7bps, while most Desks will look for initial resistance more towards 205.00bps.
- Block trade also goes through in the in 5yr, suggest seller:
- FVZ4 ~4.9k at 106.22+.
70 words