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BONDS: Tnotes/Bund spread breaks below 190bps.

BONDS
  • The Tnotes/Bund spread fully clear the 190.00bps handle and now eye a test to the next support area noted at 184.61bps.
  • While the Bund has managed to recover from its overnight low, following the decent Risk Off flow, on Tariffs Risk, US Tnotes has been in the Green overnight and has extended gains throughout the European Morning session.
  • The US 10yr Yield has tested the 38.2% retracement of the Sept/Jan range at 4.3440%, managed a 4.3328% low.
  • Looking further out, for the March contract, the 4.30% Yield level would be seen at 110.14+.

(Chart source: MNI/Bloomberg).

Tnotes Bund 25 02 25
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  • The Tnotes/Bund spread fully clear the 190.00bps handle and now eye a test to the next support area noted at 184.61bps.
  • While the Bund has managed to recover from its overnight low, following the decent Risk Off flow, on Tariffs Risk, US Tnotes has been in the Green overnight and has extended gains throughout the European Morning session.
  • The US 10yr Yield has tested the 38.2% retracement of the Sept/Jan range at 4.3440%, managed a 4.3328% low.
  • Looking further out, for the March contract, the 4.30% Yield level would be seen at 110.14+.

(Chart source: MNI/Bloomberg).

Tnotes Bund 25 02 25