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Bounce in futures are met by selling interest

CROSS ASSET
  • Some of the bounce in Equities and Govies are met with some selling interest.
  • No new news or trigger.
  • The Equity move has been more gradual, with bid emerging 3 hours ago as the US started to joined the session.
  • Some short cover, from locals.
  • Bund sold in over 5k, TYZ2 in 6.2k, FVZ2 2.5k. USZ2 in 1k.
  • More of a mixed price action at current levels.
  • Similar in FX, with the EUR, GBP and AUD losing some upside momentum.

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