Free Trial

All eyes on US inflation today

BUNDS
  • Bund remains underpinned on the cash open, after better selling hit Equities on screen, albeit well within yesterday's ranges.
  • Outlook for the contract is unchanged, with risk tilted to the downside, and initial target still eyed at -0.298% yield level, which equates to 171.34.
  • The 171.34/171.30 is the area to watch.
  • As noted yesterday, we a decent amount of supplies for this week, which should limit the upside.
  • ALL EYES on US CPI (will be today's driver), out of Europe sees Spanish CPI, but final reading for the latter.
  • SUPPLIES: German 2yr Schatz EU5bn (Equates to 45k Schatz). Italy 2024, 2028, 2051 (Equates combined to 23.4k BTP), UK 2026 £3bn (equates to 15k Gilts).
  • SYNDICATION: NGEU 7yr
  • SPEAKER: BoE Bailey, who has been on the hawkish side of late

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.