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Bund clears yesterday's low

BONDS
  • Tnotes are getting dragged lower by Bund, with the German contract crashing through new lows, and 10yr Yield edging back towards 1.60%.
  • Market is very illiquid (low volumes), 109 ticks range with 38k lots (5k traded during the overnight session).
  • Further downside push, opens to 145.58/145.51 area.
  • Tnotes eye yesterday's low at 116.18+, and a clear break through the latter, opens to 116.03.

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