Free Trial

A busier day on the data front

BUNDS
  • Bund tick lower on the cash open in a light 9k lots traded in the first 27 minutes of trading.
  • The contract has so far rejected the initial resistance which was 176.62 yesterday, printed 176.67 high today.
  • Some bids in Equities likely helping, but risk remains tilted to the upside.
  • A busier day on the data front for the session, with German regional/National CPI, Spanish CPI, and US IJC, GDP and Core PCE.
  • SUPPLIES: Italy 2026 and 2031 plus a 2029 linker that won't impact BTP.
  • The 2026 and 2031 equates combined to 40k BTP, which should limit upside into the bidding deadlines

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.