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BUNDS: A very busy overnight session

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • It is another very busy overnight session for Bund, decent traded volumes and already a 44 ticks range, looking where futures is, this will mean that the 10yr Yield will be quoted above 2.50% post Cash open.
  • Weaker JGB 20yr Auction, Ukraine Defence spending talks, Tariffs risks, Hawkish Fed Waller "Latest Data supports rates on Hold" have helped keep the pressure on Core Govies.
  • The small beat in the UK data had not impact in Bund, on the contrary it is finding a small base, cash flow led buying.
  • Next immediate support in Bund is at 131.62, followed by 131.00.
  • Resistance moves down to 132.59 20-day EMA.
  • It is another light day on the Data front with the main focus on Friday's PMIs this week.
  • Today sees, German ZEW and for North America, the Canadian CPI.
  • SUPPLY: UK £1.75bn 2063 (Equates to 27.5k Gilt) should weigh, Germany €4.5bn Schatz (equates to 47.9k Schatz) will weigh, Finland 5s, 10s (won't impact Bund).
  • SPEAKERS: ECB Holzmann, Cipolonne (at MNI), BoE Bailey, Fed Daly, Barr.
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  • It is another very busy overnight session for Bund, decent traded volumes and already a 44 ticks range, looking where futures is, this will mean that the 10yr Yield will be quoted above 2.50% post Cash open.
  • Weaker JGB 20yr Auction, Ukraine Defence spending talks, Tariffs risks, Hawkish Fed Waller "Latest Data supports rates on Hold" have helped keep the pressure on Core Govies.
  • The small beat in the UK data had not impact in Bund, on the contrary it is finding a small base, cash flow led buying.
  • Next immediate support in Bund is at 131.62, followed by 131.00.
  • Resistance moves down to 132.59 20-day EMA.
  • It is another light day on the Data front with the main focus on Friday's PMIs this week.
  • Today sees, German ZEW and for North America, the Canadian CPI.
  • SUPPLY: UK £1.75bn 2063 (Equates to 27.5k Gilt) should weigh, Germany €4.5bn Schatz (equates to 47.9k Schatz) will weigh, Finland 5s, 10s (won't impact Bund).
  • SPEAKERS: ECB Holzmann, Cipolonne (at MNI), BoE Bailey, Fed Daly, Barr.