Treasuries have extended early session highs - apparently following German Bund lead as it tests overnight high again. The Dec'25 10Y contract still off late overnight high of 112-28.5 at 112-27.5 (+6) on robust volumes over 680k at the moment.
The contract needs to trade above 113-18+, the Oct 28 high to signal a possible bullish reversal. Key resistance and the bull trigger is at 114-02, the Oct 17 high. Curves mildly steeper: 2s10s +.173 at 50.559, 5s30s +.674 at 97.305.
No particular headline driver as desks loosely cite risk-on unwind interest as stocks trade weaker (but off lows) after the open.
EUR: FX Exchange Option trades for more
Nov-04 15:29
EURUSD (6th Mar) 1.1800c, bought for 0.008 and 0.0076 in 5.1k total.
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