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CROSS ASSET: US Treasuries are fading lower

CROSS ASSET
  • US Treasuries are leading some of the fades away from the highs, EGBs are seeing some selling emerging, nothing fast, TYZ4 was sold is 3.3k, on the follow BTP was sold in 1k, and front Euribor in over 5k cumulative, as well as a 5k block trade.
  • The Volume in the Front Euribor (ERZ4) and EGBs stands out today, following the PMIs.
  • USDJPY continues to recover from the earlier printed low of 143.17, taking its cue from Govies.
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  • US Treasuries are leading some of the fades away from the highs, EGBs are seeing some selling emerging, nothing fast, TYZ4 was sold is 3.3k, on the follow BTP was sold in 1k, and front Euribor in over 5k cumulative, as well as a 5k block trade.
  • The Volume in the Front Euribor (ERZ4) and EGBs stands out today, following the PMIs.
  • USDJPY continues to recover from the earlier printed low of 143.17, taking its cue from Govies.