September 17, 2024 07:40 GMT
US 10yr Yield finds a base at 3.60%
CROSS ASSET
- Govies and Rates are running out of steam, seems that more Fed Dovish positioning might be some of the driver in early trade, combined with lower volumes overall, helps exacerbate the size of the moves.
- Bund has so far failed to make an attempt at that initial August low in Yield terms, Equates to 135.50, but only managed a 135.39 high for now.
- The US 10yr Yield has again seen some rejection at the 3.60% mark, printed a 3.6030% low last week and 3.6045% today.
- TYZ4 printed a 115.23+ high last week that will be seen as the immediate resistance.
- USDJPY recovers from the low on the small couple of ticks fade in Govies.
110 words