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An impressive overnight session

BUNDS
  • Another impressive session for Bund, in terms of range, 97 ticks with under 10k lots traded pre cash open., tested 0.59% in yield.
  • Next support is seen towards 157.33 Low Oct 10 2018 (cont)
  • Very little in terms of tier 1 data to start the week, most notable is the US Wholesale inventories.
  • SUPPLY: EU EUR2.5bn 2028 (would equate to 11k Bund), US $50bn 2yr, and $51bn 5y, will keep the lid on the respective duration.
  • SPEAKERS: ECB Rehn, BoE Bailey, while Rishi Sunak testifies to Parliament

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