June 06, 2024 13:48 GMT
Bund and Tnotes continue to recover from their lows
BONDS
- Swap related flow and likely intraday short covers, helps Bund back towards the figure, the contract would need a test to 131.18 to reverse the initial leg lower driven by the upside revisions in Inflation and Growth earlier.
- US Treasuries were in part taking their cue from the price action in EGBs, but are now also edging back to their intraday high, as the street turns its attention to the US NFP/AHE Tomorrow.
- US IJC and ULC missed estimates earlier, to continue the poor trend on the Data front out of the US this week, although US ISM Services and Price paid were more mixed Yesterday.
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