April 29, 2024 06:19 GMT
A busy week ahead
BUNDS
- This is a busy packed week ahead, and a busy start for the Week in Europe with German CPIs.
- Bund trades in a tight range, albeit closer to Friday's upper range, after the contract recovered off the 2024 low Friday.
- Most will look at 130.53 for initial resistance, Friday's high. Above the latter, would see 130.96.
- Small support moves up to 130.03, followed by 129.53, last Week's low, although better will be seen towards the 129.37 area.
- Today sees, Spain prelim CPI, German Regional/National CPIs, and no tier 1 data out of the US.
- SUPPLY: Italy 2029, 2034 (equates combined 61k BTP) should weigh, plus floating 2032 (won't impact BTP). EU 2028 (would equate to 19.7k Bobl), 2033 (would equate to 18.4k Bund).
- SPEAKERS: ECB de Cos, Lane, Guindos.
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