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German gap through 2.60%, US 10yr eye 4.60%

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  • As expected for the German 10yr Yield, has gapped and breached the 2.60% level on the open as the June futures contract made a June contract low, overnight, albeit off its low right now.

Today reference 129.53:

  • 2.650% = 129.31 (printed a 2.648% in 2024).
  • 2.663% = 129.18 (24th Nov high).
  • 2.700% = 128.80.

For US Tnotes, making new lows here, the 4.60% level:

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  • As expected for the German 10yr Yield, has gapped and breached the 2.60% level on the open as the June futures contract made a June contract low, overnight, albeit off its low right now.

Today reference 129.53:

  • 2.650% = 129.31 (printed a 2.648% in 2024).
  • 2.663% = 129.18 (24th Nov high).
  • 2.700% = 128.80.

For US Tnotes, making new lows here, the 4.60% level:

Keep reading...Show less