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Spill Over From Tsys & Equities Sees Space Back From Highs

BUNDS

Post-data reaction in U.S. Tsys and a fresh bid in equities stops the previously outlined rally in Bunds from developing further, leaving the futures contract close to unchanged levels, ~35 or so ticks away from session highs, while the cash curve moves back to a state of twist steepening as the major benchmarks run 2bp richer to 2bp cheaper on the day.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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