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Early Weakness Holds

BONDS

Little in the way of respite for core global FI markets, with the major 10-Year benchmarks at/around session cheaps, albeit with futures contracts off last week’s lows,

  • There hasn’t been much in the way of meaningful headline flow since London trade got underway, after the lack of an Israeli ground invasion of Gaza and the latest BoJ sources report applied pressure to bonds overnight.
  • U.S. Tsy yields are 4.5-7.0bp higher, German yields are 1-5bp higher and UK yields are 1-4.5bp higher.
  • Block flow in the form of a 4K seller of TY futures helped keep the pressure on.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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