June 10, 2024 06:14 GMT
A busy week ahead
BUNDS
- Bund remains closer to Friday's low going into the Cash open, following the stronger than expected NFP/AHE Friday.
- Early focus is on French assets, OATs, and the CAC40, following Marcon's announcement for a snap French Legislative Elections.
- OATU4 saw a 26 ticks downside gap on the overnight open and trades just off its low post Cash open.
- Support for the French 10yr Bond is at 123.66.
- For Bund, support comes at 129.83 Low Jun 1 initially, while resistance is seen at 130.96 20-day EMA.
- Today sees, Italian IP, unlikely to move the needle, and out of the US, NY Fed 1yr Inflation expectation.
- Main focus this week is on the US CPI and the Fed.
- SPEAKERS: ECB Holzmann, Nagel.
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