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Further flattening

BONDS
  • Another session low for the German 5s/30s, pointed on the European open.
  • Support is still at 2021 low, printed in October at 49.644, and flattest level since March 2020.
  • Market is now 50.59.
  • Similar price action in US 5s/30s, now at session low, with support at yesterday's low 51.533, now at 54.73.
  • Yesterday's low print was the lowest level since March 2020, and break below the latter opens to 48.94 initially

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