June 28, 2024 08:51 GMT
EGBs are edging lower
BONDS
- OAT and Gilt are now starting to drag Bund, BTP and the Euribor lower.
- ERU4 in sold in 5.3k cumulative volumes, Bund in circa 4k.
- US Tnotes (TYU4) saw a 3k seller, but the contract is met by buyer, so no real impact on the US Treasuries for now.
- There's likely some interest in fading the OAT/Bund spread off the 85bps wide level, now trading at 83.5bps.
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