May 23, 2024 08:42 GMT
German 2yr Yield highest since November
BUNDS
- Bund is finding some support ahead of the figure, and post UK PMIs.
- Next initial area of interest comes at 129.94 (gap).
- German 2yr Schatz has been leading, and although the 2s/10s was mostly flatter in early trade, latest moves have seen some steepening as the Bund caught up with the European PMIs out of the way.
- Schatz June contract has printed a contract low, but finds support at the Psychological 105.00 level, printed a 105.005 low.
In Yield terms, the German 2yr is now at its highest level since November, and today reference 105.02:
- 3.10% = 104.925.
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