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US lead the way lower

CROSS ASSET
  • Gilt heads toward the 120.00 figure, ahead of next support at 119.83 (yesterday's low), and this area also held on the 28th of March, when it traded 119.86 low.
  • US treasuries and short end 3 Month Eurodollar lead the way, as investors price further risk of more aggressive rate hikes for the US.
  • Next week sees the US CPI and the ECB meeting
  • In yield terms, 2.70% in Tnotes equates to circa 119.27, big level.

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