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CROSS ASSET: US Govies outperform Europe

CROSS ASSET
  • US Bonds and the STIRs strip (SFR) outperforms Europe this morning, and since Tnotes (TYZ4) Is back at the intraday high, the spread versus the German 10yr Bund, is tighter, heading back down towards 205bps, after it found good resistance at the 210bps mark last week.
  • The move in Treasury has been more gradual with demand emerging some 30 minutes ago, Initial resistance in TYZ4 is at 109.25.
  • USDJPY is finding some offers following the tick higher in US Bonds futures, lower Yield.
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  • US Bonds and the STIRs strip (SFR) outperforms Europe this morning, and since Tnotes (TYZ4) Is back at the intraday high, the spread versus the German 10yr Bund, is tighter, heading back down towards 205bps, after it found good resistance at the 210bps mark last week.
  • The move in Treasury has been more gradual with demand emerging some 30 minutes ago, Initial resistance in TYZ4 is at 109.25.
  • USDJPY is finding some offers following the tick higher in US Bonds futures, lower Yield.