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Core Govies edge to session highs
- Schatz was bought in 5.6k, also some receiving interest has pushed the contract off its low.
- Swap related trade saw DUH4 5.5k at 106.08.
- Italian BTP leads Govies higher, with next initial resistance coming at 118.49.
- The contract saw its second largest traded volume Yesterday for the March contract, which was dominated by hedging as the Italian Syndication Priced.
- Bund lags somewhat with the upside limited ahead of the heavy Bund Auction.
- US Treasuries on the follow, sees buyer of 3k TYH4, 2.5k FVH4 and 1k USH4, led by EGBs.
- DXY test session low on the back of the Equity and Treasury move.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.