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Recovering from the lows

BONDS
  • Bund and EGBs recover from their traded lows, after ticking lower post the US Data, some dip buying and short covering is seen across the board, Bund in 6k, Schatz and Bobl 5k.
  • US Treasuries are seeing similar flow, TYA in 7k, USA 1.5k, FVA 8k and even the Nasdaq futures in 3k.
  • Schatz Swap related trade, suggest receiver, also act as a supporting factor on the bounce:
  • DUH4 5.55k at 105.98.

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