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20 ticks swing on the Cash open

BUNDS
  • Bund sees a 20 ticks swing on the Cash open, as UK retail sales beat expectations but are revised lower, from 132.89 down to 132.79, all the way up to the figure at 133.01.
  • Although the support seen at 132.47 perfectly tested Yesterday, despite printing a 132.40 low on Monday, the 2yr Yield broke the 10th March high, and the next area of interest for the Schatz contract is at the 3.267% mark, which equates circa 104.76.
  • For Bund, support remains at that 132.47/132.40 area initially, while resistance moves down to the 133.17.
  • Today sees, Spain final GDP, FR/GE/EU/UK/US prelim PMIs.
  • SPEAKERS: ECB Lagarde, Vujcic, de Cos, Panetta, Fed Bullard, Mester.

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