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Underlying bids appearing

BONDS
  • Small bids going through, helped by a small block buyer in BTP of 600 lots at 125.73.
  • Bund and OAT are flat while Italian futures still lead.
  • US Treasury Govie strip also see an underlying bid, possibly some squaring ahead of the data.
  • Retail Sales and PPI have not been "big" market movers, but more downside in PPI, could keep futures underpinned.
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  • Small bids going through, helped by a small block buyer in BTP of 600 lots at 125.73.
  • Bund and OAT are flat while Italian futures still lead.
  • US Treasury Govie strip also see an underlying bid, possibly some squaring ahead of the data.
  • Retail Sales and PPI have not been "big" market movers, but more downside in PPI, could keep futures underpinned.