• Shorter end Germany leads once again, Schatz was sold in over 5k to its session lows, as investors look to push back on early ECB rate cuts, with the French and Spanish CPIs keeping the lid on Govies.
• Bund is again testing that 132.05 level, tested that area multiple times since last Friday but has held.

A clear break through, will open to the 2.50% in Yield.

• Today, reference 132.10 equates to 131.75.