Free Trial

A busy day ahead

BUNDS
  • A very busy day ahead, and the fall in the German NRW CPI has already set the tone, and provided a ~50 ticks jump for the German Bund pre cash open with way above average volumes.
  • Resistance is at today's high 136.13 (trendline), and a clear break above the latter opens to 136.38.
  • Support is seen towards 135.14.
  • Today sees, German Regional/National CPI, FR/IT/PO prelim CPI, IT/PO final GDP, US MNI Chicago PMI, JOLTS.
  • ECB releases Financial stability review.
  • Month End is also decent for the US and the EU, but will be a non event for the UK.
  • Eurex roll should also start to dominate in futures.
  • SUPPLY: Germany EU3bn 7yr (Equates to 15.6k Bund) should have limited impact.
  • SPEAKERS: ECB Muller, Villeroy, Visco, BoE Mann, Fed Collins, Bowman, Harker, Jefferson.

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.