February 10, 2025 14:03 GMT
BONDS: Broader buying interest going through in Futures
BONDS
- Overall Volumes are below averages in Government Bonds on both sides of the Atlantic, but there has been some pick up in demand in the past 10 minutes or so.
- TYA is bought in 10k cumulative volumes, FVA 5k, USA 2k and in Europe, Schatz and Bund in 5k respectively.
- We already noted on the Bund open that the German contract was already trading at pre NFP level, and that the initial resistance is still unchanged at 133.86.
- For the US Tnotes (TYH5), the contract would need a test to 109.18 to trade at pre NFP levels now trading at 109.09.
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