May 08, 2024 09:32 GMT
US Treasuries are ticking lower
BONDS
- TYM4 sees a 3k sold to push the contract to its session low, albeit still in a very tight 5 big ticks range.
- FVM4 sees a 2.7k sold on the follow.
- Support in Tnotes (TYM4) is at 108.23, Monday's low.
- For Bund, the German contract is still mostly trading inline with the US, with the Tnotes/Bund spread just 0.4bp tighter on the day, closer to flat.
- Initial support in Bund is at 131.22.
- Given that the US Wholesale inventories will be final reading, the focus will be on the US 10yr supply later today, as the US sells $42bn of 10yr notes.
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