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Core Govies edge to session highs

CROSS ASSET
  • 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.

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