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US Treasuries are leading the bounce in Bonds

BONDS
  • US Treasuries seem to be leading the bounce in EGBs and Gilt, but we're still quite short of the opening gaps in Europe, after markets were closed on Friday/Monday.
  • US Treasury strip is at session high, and lower Yield keeps the pressure on USDJPY, with the latter eyeing a test through 133.00.
  • Yesterday's high in TYM3 is at 115.31+ and will be seen as the initial resistance.
  • But still note that the contract was trading at circa 116.12+ pre NFP.

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