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Equity push Bonds lower

CROSS ASSET

Govies take a small leg lower, and Treasuries, Bund, BTP, OAT, and Gilts all test session lows.

  • Move is helped by the underlying bid in Equities.
  • Let's watch Mini S&P and yesterday's record high at 4492.
  • Next resistance here, is at the psychological 4500.
  • Bund support is at 176.48.
  • Gilts, although spreads dominate, would eye the 18th August downside gap to 129.78.
  • BTP would see 154.54 Low Aug 11
  • TYU! Is at 133.25+

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