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German 5/30s makes another multi months low

BUNDS
  • Bund test session low, and initial support will be seen at yesterday's low 176.85. Below the latter sees 176.69.
  • Curves are mixed, 2s/10s is bear steepening, after we traded at flattest level since February in the past 2 sessions
  • While.5s/30s is dipping lower, flatter, and now lowest since 10th February.
  • Volumes are very light with just 43k lots traded in over an hour,.

Chart source: Bloomberg

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