May 09, 2024 08:06 GMT
New lows for EGBs and Treasuries
BONDS
- Bund, OAT and BTP tests new lows, nothing fast, but takes very little to move the contracts, given that this must be one of the lowest traded volume at this time of the day in Bund, for at least well over a Month.
- Nonetheless, the German 10yr targets 130.98 next, followed by 130.66, where it was trading pre NFP.
- Price action here, means a new low for Treasuries and in turn a new high for USDJPY, now at 155.87.
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