[MARKET ANALYSIS] T-notes climb after cash treasuries trade resumed following the Columbus Day holiday and as stocks slip amid tech woes
Treasury notes, Bunds and JGBs rose in overnight trading; the article links their moves to resumed trading, a flight to quality, global peers and softer-than-expected Japanese PPI.
News detail
USTs: +10 ticks Climbed higher overnight as cash treasuries trade resumed following the Columbus Day holiday, while bond yields fell across the curve in tandem with the tech-driven sell-off in stocks. Bunds: +39 ticks Bunds rallied amid a flight to quality and price action unfazed by upcoming German final CPI data for September and upcoming issuances, beginning with EUR 5bln in Bobls later today. JGBs: +8 ticks Conforms to the upside in global peers and returned to above the 125.00 level, which also follows the softer-than-expected PPI data from Japan.
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