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CROSS ASSET: Tnotes and Bund are bouncing of the lows

CROSS ASSET
  • Bund and Tnotes are still finding better demand in early trades, volumes are still on the lower side, and moves are mostly order flow related as Investors await the US CPI later today.
  • Resistance in Bund moves down to 132.33, followed by 132.73, did print a 132.74 high Yesterday.
  • The small bounce in Tnotes is quite tiny overall, resistance moves down to 109.25+, followed by 110.04+.
  • The move in Govies is helping the EURUSD off the low, and USDJPY of the high.
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  • Bund and Tnotes are still finding better demand in early trades, volumes are still on the lower side, and moves are mostly order flow related as Investors await the US CPI later today.
  • Resistance in Bund moves down to 132.33, followed by 132.73, did print a 132.74 high Yesterday.
  • The small bounce in Tnotes is quite tiny overall, resistance moves down to 109.25+, followed by 110.04+.
  • The move in Govies is helping the EURUSD off the low, and USDJPY of the high.