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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.
BUNDS
- Continued collapse in Futures keep Global Yields elevated, with some stunning moves in the US following since the Retail Sales release.
- Looking at US rates Markets, taking the March 2025 and June 2025 as an example, SFRH5 and SFRM5, these are at record lows for these expiries.
- US Tnotes (TYZ3), and the 5% is also very close, circa 105.07 (also see chart).
- Bund is off the low post cash open, but the Yield would have tested the October high and the next resistance noted at 2.958%, equated to 127.32 (6th Oct high).
- Recall, the 3% level will be situated at 126.90 in Futures term, will be the next support to watch.
- Resistance will be at 127.79 the opening gap.
- It's another quiet day on the data front, with only US IJC, but the Globe will keep their Eyes on Yields and Rate markets.
- SUPPLY: Spain 2s, 6s, 10s, France 3s, 4s, 5s, 7s. US sells $22bn of 5y TIPS.
- SPEAKERS: ECB Valimaki, Visco, Fed Powell, Jefferson, Goolsbee, Barr, Bostic, Harker, Logan.
Chart source: MNI/Bloomberg
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.
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