May 16, 2024 09:32 GMT
EU Short end Rate and Bond test session lows
BONDS
- Front Euribor sees further selling since the higher fix, another 5k sold down to its session low.
- EGBs are seeing similar downside continuation, with Bund, BTP and OAT all at their respective lows.
- Next support is seen at 131.40 in Bund.
- US Treasuries are still holding on and faring better, which is in turn keeping the Tnotes/Bund tighter this morning, albeit by just 0.6bps, and still short of the support seen around 187.19bps, now trading at 191.2bps.
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