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BONDS: Bund edges toward Friday's low

BONDS
  • The lighter liquidity seems to exacerbate some of the early small moves in Govies, Bund is drifting back towards Friday's low.
  • Earlier small block trade and paying interest has seen the contract finding some selling interest.
    Initial support for the Bund is at 131.50.
  • And despite the Lower Euribor Fix, the front ERH5 as well as the rest of the strip are testing their respective lows.
  • The latest flows in Govies saw a 1.5k seller in OAT and 1k in Gilt, all cumulative Volume.
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  • The lighter liquidity seems to exacerbate some of the early small moves in Govies, Bund is drifting back towards Friday's low.
  • Earlier small block trade and paying interest has seen the contract finding some selling interest.
    Initial support for the Bund is at 131.50.
  • And despite the Lower Euribor Fix, the front ERH5 as well as the rest of the strip are testing their respective lows.
  • The latest flows in Govies saw a 1.5k seller in OAT and 1k in Gilt, all cumulative Volume.