BRIEF: EC Approves Italy's 5th NGEU Payment Request For EUR11 billion

MNI BRIEF: ECB's Eye On French Markets, Price Stability Key

MNI BRIEF: Lower Inflation Path Remains Bumpy - Lagarde

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 2.60% Aug-34 Bund Due Wednesday

Ita-coin Nowcast Negative For Second Month

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A very busy day ahead

BUNDS
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Bund was sitting closer to Yesterday's mid range going into the cash open, with similar price action in US Tnotes (TYU4), with both contracts unwinding some of the perplexing bids that was seen post US Data Yesterday, was more a rate move, given the lack of spill overs into multi cross assets.
  • The 1 tenth higher revision for the final UK GDP had limited, was worth a 5 ticks downside move, but more likely algo flows, given the lack Volumes, and the German contract edging higher back above the figure post open.
  • Next support in Bund remains at 131.58, printed a 131.68 low Yesterday, while resistance is still seen at 132.22, followed by 132.52.
  • This is the main event of the week in terms of data, includes France, Italy, Spain, Portugal prelim CPIs, ECB CPI expectations, the awaited US PCE core deflator, MNI Chicago PMI, and final Michigan.
  • There's also plenty of volatility risk going into the Weekend ahead of the 1st Round of the French elections, as Desks hedge Positions.
  • SPEAKERS: Fed Barkin, Daly (x2), Bowman, ECB villeroy.
175 words

To read the full story

Close

Why MNI

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.
  • Bund was sitting closer to Yesterday's mid range going into the cash open, with similar price action in US Tnotes (TYU4), with both contracts unwinding some of the perplexing bids that was seen post US Data Yesterday, was more a rate move, given the lack of spill overs into multi cross assets.
  • The 1 tenth higher revision for the final UK GDP had limited, was worth a 5 ticks downside move, but more likely algo flows, given the lack Volumes, and the German contract edging higher back above the figure post open.
  • Next support in Bund remains at 131.58, printed a 131.68 low Yesterday, while resistance is still seen at 132.22, followed by 132.52.
  • This is the main event of the week in terms of data, includes France, Italy, Spain, Portugal prelim CPIs, ECB CPI expectations, the awaited US PCE core deflator, MNI Chicago PMI, and final Michigan.
  • There's also plenty of volatility risk going into the Weekend ahead of the 1st Round of the French elections, as Desks hedge Positions.
  • SPEAKERS: Fed Barkin, Daly (x2), Bowman, ECB villeroy.