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Large selling orders going through

CROSS ASSET
  • Large volumes going through to the sell side.
  • NQA in 1k, Bund in over 5k, Bobl 5k and OAT 1k.
  • Bund 10yr yield is clear through the 1.45% level.
  • In terms of technical, immediate support comes at at 147.35 1.50 proj of the Apr 28 - May 9 - 12 price swing.
  • Below the latter, would open to 1.50% = 146.98
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