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Afternoon Rally Pattern Repeats Once Again

BUNDS

Bunds have bounced strongly from near-session lows, with the front future now up 15 ticks on the day at 136.44, up 59 ticks from the day's lows set after stronger-than-expected eurozone industrial/services PMI data. Bunds are still trading within yesterday's ranges, though.

  • Nothing notable driving the move, and nothing new vs the previous two sessions this week which each saw a morning pullback flip to gains in the afternoon with sharp upside moves.

Source: BBG, MNI

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