February 26, 2025 07:18 GMT
BUNDS: A busier Overnight session for Bund
BUNDS
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- A busier Overnight session for Bund, mostly saw some unwind from Yesterday's rally, a small pullback after Bund closed Monday's gap up to 132.60, printed a 132.59 high Yesterday, following the US poor Data.
- The German GFK saw a miss on the Cash open, but not a market mover.
- US House Republican passed a blueprint Budget calling for deep cut in safety programs, paving the way for $4.5 Trillions in Tax Cuts, and Investors will have to assess how it will impact the Economy.
- US 10yr Yield has bounced from Yesterday's low print of 4.2811%, its lowest since mid December.
- The June contract is now front Month in Treasuries, but be aware that the TYA spread is pretty much flat, so both March and June trades at similar levels.
- Technically for the German Bund, support is at 131.85 (gap), and resistance at 132.60 (gap).
- There are no Tier 1 data for the session, focus remains on Friday's releases.
- SUPPLY: Germany 2036, 2038 (Equates combined 17.7k Bund) should have limited or no impact. US Sells $28bn 2yr FRN reopening and $44bn of 7yr Notes.
- SPEAKERS: Fed Barkin, Bostic, BoE Dhingra.
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