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Ticking lower

BUNDS

Tick by tick move lower, and tiny small pick up in volumes, with circa 10k trading in the past 10 minutes or so.

  • Bund trades around 170.90.
  • Potentially some FM positioning, squaring, heard very little regarding RM, as the street gears up for the ECB, with the US starting to come in.
  • US treasuries are testing session low on the follow.
  • Bund initial support noted yesterday is still at 170.60, which held after printing a 170.61 low yesterday.

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