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Tnotes test session low

BONDS
  • TYH2 ticks lower to break the tight overnight range.
  • Volumes are still on the very low side, when the 10yr trades less volume than Bund.
  • It was overall a tight overnight range, but the contract test session low as the US starts to come in.
  • Initial support comes at 127.29.
  • Small impact in EGBs, with Rates and Govies expected to be more stable ahead of the Fed.
  • BTP support is at yesterday's low 145.63
  • Block trade seller in OAT, 2,871 at 162.32

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