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Shorter end Govies and Rate are still leading today

BONDS
  • The shorter end 2s, 5s in Germany and the front 2 Euribors have led most of the day today, with another new low in Schatz, lowest since mid December.
  • Next small support noted this morning is at 105.985.
  • ECB Schnabel has kept an unsurprising leaning Hawkish tone, but Issuance pricing and intraday squaring heading iahnto the latter part of the European session are keeping EGB's offered.
  • A cumulative 10k Bund sold at the lows ahead of the initial support at 135.06, printed a 135.12 low.

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