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Rate futures bounce off their lows

CROSS ASSET
  • US Short term rates (SFR) are faring better in moving off their lows, with the longer end Treasuries still struggling, every little couple of ticks bounce off the lows are met by sellers, volumes has jumped some 300k in the past 15 minutes or so in 10yr, and only seeing notable 5k-8k clips going through in TYH4, although the 4% Yield seems to hold, so far printed a 4.0085% high.
  • EGBs and Bund have held, with the initial support in Bund at 134.95 holding, printed a 134.97 low so far.

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