September 09, 2024 07:23 GMT
European Rates lead Bonds lower, USD higher
CROSS ASSET
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- USDJPY spiked through another intraday high, with Tnotes pushing to session low, all a function of the Dollar, as US Yields edge higher, all Europe Rate Market led in Bonds.
- The push lower in the Euribor strip has pushed EGBs to their respective lows, BTP, OAT and Bund are all extending lower.
- Although the German and UK curves are still steeper, US 5/30s tests session low, similar to what is seen in the Euribor strip with ERZ4 under pressure.
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