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A busier day ahead

BUNDS
  • A 20 ticks range for Bund ahead of a busier day on the data front.
  • The German contract is underpinned with Rates Futures following the US FOMC Yesterday, but ranges have remained subdued, and within what has been seen so far this week.
  • Initial resistance moves up to 132.54 20-day EMA, while support comes at 131.54, this week's bottom range.
  • It's a busier day ahead, with prelim PMIs providing potential market moves.
  • The usual US IJC is also scheduled.
  • There are plenty of Central Bank decisions, but on this side of the Pond, the focus will be on the BoE, its split vote, and its guidance.
  • SUPPLY: Spain 3s, 8s, 20s, France 4s, 5s, 7s, plus linkers, Ireland 2034, 2043, US $16bn 10yr TIPS reopening (won't impact Treasuries).
  • SPEAKERS: There's NO BoE presser, US Fed Barr (in a fire chat).

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