December 23, 2024 14:59 GMT
BONDS: Presence Of This Week's Tsy Supply Limiting Recoveries In Bonds
BONDS
Front-end to belly driven weakness in Tsys continues to limit recoveries from lows in EGBs and gilts, with the presence of this week’s coupon supply (2-, 5- & 7-Year Tsys) providing headwinds for that area off the U.S. curve.
- Bunds and gilts near session lows, technical setups remain bearish, with key supports intact.
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