We’re down through where Gerry mentioned Asia bids were sitting (1.3410), following an awful Bund auction which received just Euro 3.6 bln in bids out of Eur 6 bln.
Im told, but can’t confirm, possible bids from the ubiquitous BIS are down around 1.3390 after the 1.3400 was flushed.
Details of the Bund auction : sold 3.633 bln of new 10 yr Bunds at 100.01 and above , av yield 1.98% (prev 2.09) bid to cover 1.1
