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US Treasuries are led lower by Europe

CROSS ASSET

US Treasuries are now getting slowly dragged lower by the the German Bund, with the latter eyeing next immediate support at 132.75.
TUH4 is sold in 2.5k, TY 6k, US 1.2k and FV 2.7k.
Looking further out for the German 10yr Yield, today reference 132.79:

  • 2.50% =131.79.

The contract and Yield printed a 131.78 low and 2.507% high on the 22nd February.

USDJPY extends gains led by the push lower in Treasuries, Yields are slowly pushing higher.

Initial push lower in Bonds has been on the back of the retracement in Bund, although US Desksmight also be turning their attention to the heavy supply later, with more heavy selling at the lows in the US, latest clips sees, 7k TYH4, 2.5k TUH4, 1.2k USH4, and Bund in another 5k through the small 132.75 support.

  • Resistance in USDJPY is at 150.89 High Feb 13

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