Rates Spark: Bunds Still Rich, Treasuries Ponderous
As EUR rates have tested higher, Euribor-based swaps have faced upward pressure, leaving 10y Bunds versus IRS rich in recent weeks. Bund spreads over ESTR OIS have stayed close to their March average.
Gold Retreats To The Lower End Of Its Daily Range, Holds Above $4,200 Amid Mixed Cues
Gold (XAU/USD) struggles to capitalize on a modest intraday move up and retreats to the lower end of its daily range heading into the European session on Wednesday.
