June 14, 2024 12:22 GMT
German 10yr Yield test the 2.35% level
BUNDS
- With Bund above 133.10, this means that the 10yr is now below 2.35%, and as already noted, Cash and Swap desks will be watching for the April low of 2.317% level, the next support area of interest in Yield.
- This equates to 133.44 in Futures.
- OAT/Bund spread is back towards ~7bps wider on the day, at 76.4bps, with all the focus on the 2017 high, ahead of the big Psychological 80bps.
- Volumes in Bund and Schatz are way above averages, clearly all type of accounts are involved.
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