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Core Govies test new intraday lows

CROSS ASSET
  • Bund sees 5k sold as it breaks below the figure, French OAT also sees 1k, and in the US, Tnotes has now broken Yesterday's low, with the 10yr Yield at a 6 days high.
  • Despite the small move higher in Yield and some fade in the Risk On tone, the Dollar is mostly offered, but nothing big and still mostly within past ranges in G10s.
  • Some US desks will be looking at the 200d MA in US 10 Yield at 4.1996%, although a better area of interest is seen towards 4.23%.

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