Free Trial

US and Europe drift lower

BONDS
  • Tnotes, drag Bund towards new lows, Gilt are also at session low.
  • .Although Tnotes led, Bund are now underperforming, pushing spread tighter, and in turn curve are leaning bear steeper.
  • Immediate support for TYH2 is at 130.14+, which was yesterday's low, but also the short term 38.2% retrace of the last Friday to Tuesday's rally on Omicron.
  • Bund support is seen further out, at yesterday's low 172.12.
  • Yesterday's low in Gilt is at 126.33 initially.

Chart source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.