Recoveries remain limited, with the latest round of buying in core global FI markets quickly countered as TY registers fresh session lows.
Little major news flow since this morning’s UK CPI data, with the future of the Russia-Ukraine war and speculation surrounding Trump’s Treasury pick continuing to garner most of the attention.
Bunds have caught up to the weakness in gilts, with 10-Year yields in both +4bp on the day, while 10-Year Tsy yields are 3.5bp higher.
EUR: Longer dated Exchange traded Option
Nov-20 13:28
EURUSD (05/12/25) 1.0800c, bought for 0.03030 in 6k.
US TSY FUTURES: BLOCK: Dec'24 2Y Buy
Nov-20 13:18
+5,000 TUZ4 102-20.38, post time offer at 0812:47ET, DV01 $180,000. The 2Y contract trades 102-20.62 last (-1.62)