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Light Pressure As London Comes Online

BONDS

Little in the way of meaningful headline flow apparent as Bunds and TY futures slip to fresh session lows.

  • Bund futures haven’t tested Tuesday’s low, while TY has probed its own Tuesday base.
  • Cash Tsys were closed in Asia-Pac hours, with Japan out on holiday until tomorrow. They sit ~3bp lower across the curve in early London dealing.
  • A quick reminder that a brisk start for ’24 IG issuance, oil market swings, geopolitical issues and a reassessment of the year-end rally all factored into bond trading on Tuesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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