Free Trial

Back above 1%

BUNDS
  • A light overnight session for Bund, quoted 2 ticks wide, with desks awaiting of the FOMC, and could be an interesting presser.
  • Nonetheless, the contract is back above the 1% mark in yields.
  • Yesterday, ECB Schnabel (Voter, leaning Hawk): "A rate hike in July is possible".
  • Euribor red strip is down 10 ticks.
  • Main next target in Yield is the 2015 peak at 1.057%, which equates to circa 152.17.
  • ALL EYES are on the FOMC, in terms of data, sees Services PMIs, but final reading for France, Germany, EU and the US.
  • US ADP is also scheduled, but very little correlation for the NFP on Friday.
  • SUPPLY: German 2031 EU1.5bn (Equates to just 9.5K), should have limited impact on the contract.
  • EARNING: Today includes, Moderna, Marathon Oil corp, and after markets, EBay.

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.