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Treasuries and USD

CROSS ASSET
  • USD is finding a bid, pushing EUR towards the session low.
  • Small uptick in US yield, likely helping somewhat.
  • Bund support is still at 169.92 (printed 169.93 yesterday), and break through would open to the -0.18% yield circa the 169.50 area.
  • TYZ1 eye to 131.24. Further downside traction opens to 131.07.
  • But see better at the next resistance level in Yield at 1.59%, which equates circa 131.02

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