BUNDS: Moving off the lows with the EUR post US PPI
Jan-14 13:36
Just a 16 ticks initial gain for Bund after the US PPI comes below consensus, still fairly limited moves in Europe, with the main focus on the US CPI Tomorrow.
The EUR and Estoxx have also found bids post data, but they are slowly fading back.
US TSYS: Post-PPI React
Jan-14 13:33
Treasuries gap higher after PPI data for December comes out lower than expected. Tsy Dec'25 10Y trades up to 107-18.5 (+11), well below initial technical resistance at 108-21.5/109-06 (20-day EMA / High Dec 31), before scaling back to 107-16.5 last
Curves remain mixed, 2s10s -.380 at 39.263, 5s30s +2.110 at 38.411. 10Y yield slips to 4.7471% low.