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BONDS: TY Respects Highs, WN Block Limits Pullback

BONDS

Bulls were unable to test overnight & Tuesday highs in TY futures, which seems to have limited the recovery in Tsys and rally in wider core global FI markets from extending further at this stage.

  • Meanwhile, the previously identified block buy in WN futures has prevented the pullback from extending.
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Bulls were unable to test overnight & Tuesday highs in TY futures, which seems to have limited the recovery in Tsys and rally in wider core global FI markets from extending further at this stage.

  • Meanwhile, the previously identified block buy in WN futures has prevented the pullback from extending.