BONDS
- While as just noted, the French 10yr Yield has found support at the April level, the Italian 10yr has also found support at the exact August low in Yield terms, was situated at 3.544%, and printed 3.543% low.
- Dust has now settled somewhat, a small unwind in futures from the noted levels.
- After seeing elevated Volumes across EGBs and Gilt, Gilt has already traded well over half the Volumes seen in the past two sessions, Volumes have also slowed down.
- Next immediate support in the 10yr BTP Yield is actually at 3.523%, the March and the 2024 low.
Today, reference 120.45:
- 3.523% = 120.81.
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