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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+.
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  • 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+.