May 10, 2024 12:17 GMT
EGBs and Treasuries drift lower
BONDS
- Treasuries and EGBs are breaking their tight early range to the downside.
- The low liquidity means that it doesn't take much size to move the markets.
- TYA was sold in 9k cumulative (3x 3k), FVA 5k (2x 2.5k) and USA 1k.
- Support in TYM4 is at 108.19+, ahead of the 108.12+ area, pre NFP level.
- ERU4 is sold in 5k on the follow in Euribor.
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