January 20, 2025 12:24 GMT
CROSS ASSET: Core Bonds are testing their respective lows
CROSS ASSET
- Bund is now testing Friday's low of 131.50, and {us} US Tnotes (TYH5) is also seeing some selling interest at the low, just git sold in 3k.
- Further downside in Bund future would see next support at the 131.00 figure.
- The French OAT sees Friday's low at 122.02, so far printed a 122.08 low.
- No Impact in the USDJPY as of Yet, the move in Bonds is very gradual, 1 tick at a time and nothing fast, but still worth keeping an eye on Tnotes.
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