June 19, 2024 06:16 GMT
Back to pre UK data level
BUNDS
- Bund saw a very tight steady 12 ticks range overnight, and within this week's range, ahead of the UK Inflation Data.
- US Cash markets are closed for US Juneteenth, futures are open.
- The UK Services CPI beat provided a quick sell off in Bonds and a bid in GBP, but the rest of the Data was mostly closer to inline with expectations.
- Both Bonds and FX (GBP) are back to pre Data levels.
- Bund Tech are unchanged, although some might look at this week's low of 132.16, better is seen at 131.97.
- A break through, opens to 131.58.
- Resistance comes at 133.21, followed by the 133.48 area.
- SUPPLY: German €2bn 30yr (13.8k Buxl) could weigh into the bidding deadline. Greek 200mln 2034, too small won't impact Bund.
- SYNDICATION: Cyprus 7yr € Benchmark.
- SPEAKERS: ECB Centeno.
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