June 24, 2024 11:19 GMT
US Treasuries are drifting lower
BONDS
- US TYU4 is sold in 5.1k cumulative volumes through the low, taking its cue from the push lower in the German Bund.
- Although some might look at last week's low of 110.06+ for support, better is seen towards 110.01+.
- No new obvious driver for the small push lower, but the lack of liquidity (low volumes) is likely playing a part, with just a 5k lots moving the US 10yr.
67 words