May 09, 2022 10:10 GMT
Tnotes/Bund spread through the 2022 high
BONDS
- US starts to come in and Treasuries continues to trade heavy, albeit off the lows.
- The downside pressure, keeps the lid on Europe.
- The big level for US 10yr Yield is at the 3.2594%, the 2018 high, and highest level since May 2011
- Tnotes/Bund is breaking the 2022 peak, and now trades at the widest level since 4th February 2021.
- Upside resistance is at that day's high 204.98bps, also the widest level since 23/01/20.
Chart source: MNI/Bloomberg
82 words