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Bund leads Govies higher

CROSS ASSET
  • Bund leads Govies as it breaks Monday's high, triggering some buying in Treasuries, TYA bought in 3.4k and FVA in 3k.
  • Next resistance in Bund is seen towards 136.74.
  • TYM3 test yesterday's high at 115.31.
  • No real trigger for the bid, seems more order flow related, given the lack of momentum.
  • Lower Yield are also helping EUR lower and Equities now are fading, a continuation of yesterday's price action in Bonds, following the US inflation data.

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