January 03, 2025 14:51 GMT
BONDS: Light Pressure As U.S. Equities & Crude Tick Higher
BONDS
Upticks in U.S. equities and crude oil futures apply some light pressure to core global FI markets.
- Existing session lows in TY futures hold on the first test, while bears continue to struggle to force a meaningful break of yesterday’s low in Bund futures (lows of 132.88 vs. yesterday’s low of 132.90).
- Gilts in the middle of their session range.
- Bunds hold wider vs. both gilts and Tsys, aided by the hawkish repricing seen in EUR STIRs.
- German ASW spreads little changed to a touch tighter on the day.
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