August 30, 2024 13:23 GMT
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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