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Paring gains

BUNDS

Schatz swap related trade, suggest payer:

  • DUM4 2.8k at 105.26.
In futures, Bund has ran out of steam, and continues to pare gains, small delayed reaction to the German ZEW beat could be helping, but heading into the German 2yr Supply, is more likely at play.
  • Nonetheless, moves are still fairly limited, front Euribor is sold in 5.5k, and US Treasuries sees TYM4 sold in 3.1k, and FVA in 2.5k.
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Schatz swap related trade, suggest payer:

  • DUM4 2.8k at 105.26.
In futures, Bund has ran out of steam, and continues to pare gains, small delayed reaction to the German ZEW beat could be helping, but heading into the German 2yr Supply, is more likely at play.
  • Nonetheless, moves are still fairly limited, front Euribor is sold in 5.5k, and US Treasuries sees TYM4 sold in 3.1k, and FVA in 2.5k.