May 20, 2024 12:39 GMT
Low volumes help exacerbate the moves
EGB FLOWS
- Very light volumes across the board on the few ticks lower in EGBs, seems that a 750 lots has moved the OAT in 10 ticks.
- Doesn't take much in terms of size to exacerbate some of the moves.
- US Treasuries saw a 3.3k sold in TYM4, 2.8k in FVM4 and 1k in USM4.
- Bund sees mostly two way price action as it trades closer to its mid range, which helps keep the Tnotes/Bund spread slightly wider, after trading at its tightest level since late March last week.
- USDJPY breaks above 156.00, on the back of higher Yields.
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