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Europe leads Bonds Futures lower

CROSS ASSET
  • Some spillovers now in US Treasuries with the push lower led by Europe, USA sold in 1k and TYA 3.2k, all cumulative volumes.
  • German 30yr Yield leads higher, but still short of the October high.

Reference 119.00:

  • 3.263% = 116.09 for Buxl (October high and highest print since 2011).
Bund sees 3% at circa 126.90.
  • In FX, market participants will keep an eye on the USDJPY, now trading at 149.95, given the push lower in Treasury futures.

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