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Crude Oil Weakness Limits U.S. Data-Driven Losses

BONDS

Spill over from the weakness in crude oil seems to limit any weakness that stemmed from the U.S. data.

  • Bears managed to force a print below yesterday’s low in TY futures, although the move wasn’t particularly forceful and has since faded.
  • Meanwhile, gilt and Bund bears failed to test this morning’s lows in futures.
  • UK paper continues to outperform peers on the day.
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Spill over from the weakness in crude oil seems to limit any weakness that stemmed from the U.S. data.

  • Bears managed to force a print below yesterday’s low in TY futures, although the move wasn’t particularly forceful and has since faded.
  • Meanwhile, gilt and Bund bears failed to test this morning’s lows in futures.
  • UK paper continues to outperform peers on the day.