August 13, 2024 12:38 GMT
A 24 ticks swing in Bund post US PPI
BUNDS
- A quick 24 ticks swing in Bund, initially spiking as PPI comes below consensus, but has faded off its high.
- PPI Ex Food, Energy, Trade MoM was the only small 1 tenth beat, and was revised higher, as well as PPI Final Demand YoY.
- Next resistance in Bund is seen at 135.18, but price action could be somewhat limited, with the street turning its attention to the US CPI due Tomorrow.
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