August 27, 2024 11:11 GMT
Bund tests the August low
BONDS
- Gilt on the follow is taking its cue from the price action in EGBs and is eyeing a test to the August low, this is situated at 99.20 in the September expiry.
- Although most investors will be looking at the December month, September is still the most active contract by ~80k lots in Gilt.
- The German Supply equated to 37.8k Bobl and the Italian supply equated to 23.2k short 2yr BTP, combined with a pretty packed day on the Issuance front has all helped weighing on Futures.
- The break below the figure in Bund and the 133.94 area, cleared very short term intraday longs.
101 words