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BUNDS: Another busy overnight session

BUNDS
  • It is another relatively busy overnight session for Bund, with elevated volumes in {us} US Tnotes and the German contract going into the European session.
  • Risk remains tilted to the upside for the German Bond on growth concerns in Europe, as well as Technically.
  • Bund is now eyeing 133.58, Monday's quick/ fast market high printed on Monday, but better will now be seen at 2.30% in Yield terms.
  • The German 10yr Yield printed at 133.86 high, with a 2.309% low on the 2nd January.
  • Today sees Services PMIs, but final readings for the major developed countries, so should be taking a back seat.
  • Focus will be on the US ISM services, while US ADP is also due.
  • US Quarterly refunding will garner interest as well.
  • SUPPLY: Gilt 2053 £2bn (Equates to 19.8k Gilt) could somewhat weigh into the bidding deadline.
  • SPEAKERS: Fed Barkin (x2), Goolsbee, Bowman, ECB Lane.
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  • It is another relatively busy overnight session for Bund, with elevated volumes in {us} US Tnotes and the German contract going into the European session.
  • Risk remains tilted to the upside for the German Bond on growth concerns in Europe, as well as Technically.
  • Bund is now eyeing 133.58, Monday's quick/ fast market high printed on Monday, but better will now be seen at 2.30% in Yield terms.
  • The German 10yr Yield printed at 133.86 high, with a 2.309% low on the 2nd January.
  • Today sees Services PMIs, but final readings for the major developed countries, so should be taking a back seat.
  • Focus will be on the US ISM services, while US ADP is also due.
  • US Quarterly refunding will garner interest as well.
  • SUPPLY: Gilt 2053 £2bn (Equates to 19.8k Gilt) could somewhat weigh into the bidding deadline.
  • SPEAKERS: Fed Barkin (x2), Goolsbee, Bowman, ECB Lane.