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BUNDS: A busy Overnight session

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The German Bund gapped higher overnight, and saw a wider range and a better volume traded session for Bund and the Schatz as the US comes back from their Bank Holiday.
  • Most of the wider trading range happened overnight at 00.50GMT, with the moves in Bonds and Equities matching the timing with the Trump headline regarding imposing tariffs on Mexico and Canada.
  • Bonds and Equities initially sold off but quickly recovered from their lows.
  • The Opening gap for Bund is back down to 131.76, and initial resistance comes at 132.41 20-day EMA, although better will be seen at 132.57.
  • The German ZEW is the only notable release out of Europe, and there's no notable release out of the US.
    For North America, Canadian CPI is due, but unlikely to be a real Bund mover.
  • SUPPLY: German €1bn 2029 (equates 7.7k Bobl), €1bn 2033 (equates to 6.8k Bund) these shouldn't impact Bobl and Bund.
  • SYNDICATION: France 15yr, Lithuania 5y, 15y.
  • SPEAKERS: ECB Centeno.
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  • The German Bund gapped higher overnight, and saw a wider range and a better volume traded session for Bund and the Schatz as the US comes back from their Bank Holiday.
  • Most of the wider trading range happened overnight at 00.50GMT, with the moves in Bonds and Equities matching the timing with the Trump headline regarding imposing tariffs on Mexico and Canada.
  • Bonds and Equities initially sold off but quickly recovered from their lows.
  • The Opening gap for Bund is back down to 131.76, and initial resistance comes at 132.41 20-day EMA, although better will be seen at 132.57.
  • The German ZEW is the only notable release out of Europe, and there's no notable release out of the US.
    For North America, Canadian CPI is due, but unlikely to be a real Bund mover.
  • SUPPLY: German €1bn 2029 (equates 7.7k Bobl), €1bn 2033 (equates to 6.8k Bund) these shouldn't impact Bobl and Bund.
  • SYNDICATION: France 15yr, Lithuania 5y, 15y.
  • SPEAKERS: ECB Centeno.