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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

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