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BONDS: Light Selling Creeps In

BONDS

Seems to be a mix of setup for 20-Year Tsy supply and Trump threatening tariffs against Russia that factor into the move lower in core global FI here.

  • Ranges remain relatively tight, with yesterday’s lows unchallenged in Bund & gilt futures, although TY futures have broken through Tuesday’s base.
  • Tsy yields little changed to 2bp higher across the curve.
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Seems to be a mix of setup for 20-Year Tsy supply and Trump threatening tariffs against Russia that factor into the move lower in core global FI here.

  • Ranges remain relatively tight, with yesterday’s lows unchallenged in Bund & gilt futures, although TY futures have broken through Tuesday’s base.
  • Tsy yields little changed to 2bp higher across the curve.