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A busier overnight session

BUNDS
  • A notable overnight session to start another busy week for Bund, although better has been seen in the shorter end Schatz, and some early buying interest in Euribor spread targeting June 2025.
  • For Bund, the contract still trade circa Friday's mid range, but is overall still trading closer to its lowest level since mid December.
  • Support comes at 135.06, followed by 134.87.
  • Resistance moves down to 136.25.
  • Today sees Swiss CPI, and out of the US, NY Fed 1yr inflation expectation is due.
  • SUPPLY: EU 2028 (Equates to 21.8k Bobl), EU 2034 (20.8k Bund).
  • SYNDICATION: EFSF sent Rfp to Banks.
  • SPEAKERS: Fed Bostic.

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