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US 10s Top 4.00%, BBDXY To Fresh Session Highs

CROSS ASSET

10-Year U.S. Tsy yields have a look above 4.00%, which in turn helps underpin the USD as the BBDXY looks through yesterday’s high. A reminder that Wednesday seemed to see notable net long setting in Tsys (~$12.7mn of DV01 equivalent across the Tsy futures curve), which may suggest that some of the weaker longs are being forced to exit.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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