Free Trial

Lead Govies

BUNDS
  • Bund lead the way higher, back above 155.00, still within yesterday's range.
  • Initial resistance comes at 155.26 (Monday's high)
  • TYM2 lifted in 4k and OAT 1k.
  • The move in Bund push the peripheral spreads wider in Europe, with Greece by over 10bps.
  • BTP/Bund is 3.2bps wider and highest since 26/06/20.
  • Next upside resistance comes at 180bps, and above the latter would open to 184.24 (50% retrace of the 2020/2021 tightening).

Chart source: MNI/Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.