Free Trial

A Little Firmer To Start


Bund futures lean on the Asia-Pac richening in U.S. Tsys and firm through the old futures open, leaving the contract +25 or so, comfortably within the confines of yesterday’s range, after hedging flows surrounding the pricing of the EU’s syndicated long end tap applied some pressure on Tuesday.

  • Regional news flow has been fairly muted, with Asia-Pac focus remaining on the potential for stimulus in China and eyes on today’s tier 1 risk events.
  • Final CPI readings from the Iberian nations and ECB speak from Lane and Vujcic provide some regional interest today, although it will be U.S. CPI data (and the latest BoC decision) that garners more attention.
  • On the supply front Germany will return to the market on with E5bln of the new 2.60% Aug-33 Bund on offer. Elsewhere, Portugal will also come to the market with a 6/12-year OT auction for a combined E0.75-1.00bln. On offer will be the 1.95% Jun-29 OT and the 0.90% Oct-35 OT.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.