May 22, 2024 08:03 GMT
Germany leads the bounce off the lows
BONDS
- Bund support seen at 130.24 has so far held, and Bond futures are now seeing broader buying off the lows in EGBs and {us} Treasuries, led by Germany.
- The UK data has provided higher traded volumes in early trade as Desks adjust their rate path positioning.
- Some short cover and very short term squaring sees BTP bought in 3k, OAT 1.5k, Bund 5k, TYM4 4k.
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