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Some consolidation from the high yields

BUNDS
  • Continued unwind in German yield, after the strip printing multi year high, lead by the 5yr.Bobl has bounced over 30 ticks, on receiving interest.
  • German 10yr tested 0.732% high today
  • German 5s/30s has pulled off the low after tested the 2022 low at 25.319, printed 24.95 low.
  • Similar story for the Short end Euribor strip, with the likes of the December 23, pulling back 6 ticks off the low.
  • Pullbacks are met selling interest

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