April 24, 2024 09:23 GMT
Bund and Tnotes at session lows
CROSS ASSET
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- Bund through session lows, 5k sold going into the Auction.
- US TYM4 also sees further selling interest, sold in 3k.
- Technical are unchanged, support in Bund is at 130.45, and main initial target will be at circa 107.11 in TYM4 (4.70% level).
- No spillovers into the USDJPY, but the price action and how it develops will be closely watched by market participants, given intervention risk.
- The 155.00 level has so far been well defended.
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