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Fresh Weakness At The Cash Tsy Re-Open As Asia Reacts To Powell

BONDS

Core bonds run lower as T-Notes make a clean break through yesterday's low around the cash re-open, and the curve bear steepens, with 30s +~4bp in yield terms at typing. 10-Year yields next point of resistance is located at 0.7826%, the Jun 16 high, last printing 0.7735%. Flush out of longs in the Aussie Bond space may also be evident as XM breaks below 99.000, or above 1.00% in implied yield terms.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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