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Weekend Worry & Outright Yield Levels Provide Support

BONDS

Core global FI moves away from session cheaps over the last hour or so, with the move somewhat FI -centric.

  • There has been some wider spill over into cross-asset moves in more recent dealing.
  • Continued headline flow re: sporadic Lebanon & Israel crossfire has done the rounds, but this probably isn’t a key trigger.
  • Instead, we point to the mix of weekend worry re: the Israel-Hamas conflict and several cycle highs across the core global FI yield landscape presenting enticing entry points for participants.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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