Free Trial

Attention turn to the PMIs

BUNDS
  • A tight and a light volume overnight range for Bund, ahead of the awaited services PMIs.
  • The contract is nonetheless still trading at its lowest levels since mid July.
  • Next support is now at 150.62, and resistance moves down to 151.76, and 152.03.
  • In Yield terms, the 10yr tested a 1.313% high yesterday, and further uptick would open to the July peak at 1.378%, which equates circa 150.18.
  • All the attention is on the prelim PMIs, EU Consumer confidence is also scheduled.
  • SUPPLY: UK 2039 linker (won't impact Gilt), and US sells $44bn of 2yr notes.
  • SYNDICATION: Finland new 5yr.
  • SPEAKERS: Fabio Panetta participates in ECB policy panel in Italy.

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.