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US Tnotes look to test yesterday's high

BONDS
  • Tnotes target 115.13+, yesterday's high, and highest print since mid September.
  • A clear break above the latter, opens to 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 low.
  • TYH3 bought in 4k at the top on the intraday range.
  • Bund has closed the 138.57 gap, but lacks traction.
  • In turn, Tnote/Bund spread is widening somewhat, by 2bps, but still trade close to its tightest level since 05/10/20, after printing a 128.14bps low yesterday.

Chart source: MNI/Bloomberg

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