Monday session sees global rates offered, 10-year benchmark yields in Germany and the U.S. rise by 7.7bps and 3.7bps, respectively. The U.S. 10-year yield is now at 4.285% while the 2s10s curve is flat on the day
The risk environment might be reflected in G10FX/USD, the euro is close to reaching its best levels of the year, last at 1.0850.
However, Bund-Treasury 10-year spread is relatively unchanged and within the recent ranges at -186bps. The lows of the year stand at 192bps. Recently, desks have pointed at the German and U.K. Rates as oversold
Comments