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BUNDS: A much busier day ahead

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • A much busier day ahead, Data starts to kick in as off Today, and of course the ECB is also scheduled.
  • Bund closed the lower gap down to 131.33 Yesterday afternoon going into the FOMC, and the contract fell all the way to 131.07 following Powell's comment that the Fed is in no hurry to lower rates and is waiting to see Trump's policy.
  • The German Bund is now forming a decent initial support at 131.00, but has opened higher overnight and is underpinned with the ECB in mind, and following the French GDP miss earlier.
  • Resistance sees the 20 day EMA moving down to 131.97 today, but better is still seen at 131.22 and 131.57 initially.
  • Today includes, German, EU, Italy, Spain prelim GDPs, Spain prelim CPI, and out of the US, GDP, Core PCE QoQ, IJC.
  • SUPPLY: Italy €2.75bn 2029 (equates to 52.6k short 2yr BTP or 13.7k 10yr BTP), €2bn 2035 (Equates to 19.4k BTP) these could weigh into the bidding deadline, the 2033 Floating won't impact the Italian Bonds.
  • SPEAKERS: ECB Lagarde's presser.
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  • A much busier day ahead, Data starts to kick in as off Today, and of course the ECB is also scheduled.
  • Bund closed the lower gap down to 131.33 Yesterday afternoon going into the FOMC, and the contract fell all the way to 131.07 following Powell's comment that the Fed is in no hurry to lower rates and is waiting to see Trump's policy.
  • The German Bund is now forming a decent initial support at 131.00, but has opened higher overnight and is underpinned with the ECB in mind, and following the French GDP miss earlier.
  • Resistance sees the 20 day EMA moving down to 131.97 today, but better is still seen at 131.22 and 131.57 initially.
  • Today includes, German, EU, Italy, Spain prelim GDPs, Spain prelim CPI, and out of the US, GDP, Core PCE QoQ, IJC.
  • SUPPLY: Italy €2.75bn 2029 (equates to 52.6k short 2yr BTP or 13.7k 10yr BTP), €2bn 2035 (Equates to 19.4k BTP) these could weigh into the bidding deadline, the 2033 Floating won't impact the Italian Bonds.
  • SPEAKERS: ECB Lagarde's presser.