January 30, 2025 11:36 GMT
BONDS: Rally Continues
BONDS
Extension of the European GDP-driven bid apparent, with little fresh information crossing in the time since.
- Bund futures still short of first resistance at 131.97, topping out at 131.93 so far.
- Yields 6-7bp lower across the German curve, 10s outperform.
- EGB spreads little changed to 1bp wider to Bunds.
- Gilts test first resistance at 92.68, which protects a Fibonacci retracement at 92.75.
- Yields 6-7bp lower across the UK curve, 10s also outperform here.
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