Free Trial

5/30s unwinds off the high in early trade

BUNDS

Bund remains better offered on the margin since the cash, albeit off the low, with selling orders hitting Equities

  • Small unwind in the curve, after the relentless steepening bias.
  • 5/30s has failed this week to break Monday's high at 83.442, ahead of initial target and 2020 high at 84.808 (printed in Jan 2020), now at 81.949.
  • Another light day on the data front, Italian Consumer Confidence and manufacturing confidence, may bring some interest for BTPs..
  • On the speakers front for Europe, ECB Lane and de Guindos are scheduled.-
  • SUPPLIES: Small with Italy 5yr EU5bn (equates 16k Bunds, or 21k BTP),

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.