Trial now
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Better selling going through in Bund, and we target immediate support at 169.89 Low Apr 4, which looks too close not to be tested.

  • German 10yr yield edges above yesterday's high, and initial target here comes at -0.163%, ahead of the 2020 peak -0.14% and highest yield since May 2019.
  • Little impact from or into equities, with indices better offered.
  • Italian IP and German ZEW are the notable data releases, but unlikely to move the needle.
  • SPEAKERS: Plenty of speakers scheduled for today, including BoE Bailey (on Libor), ECB Knot, de Cos, {us} Fed Williams, Brainard, Bostic, Daly, Harker, Kashkari.
  • SUPPLIES: Netherlands 10yr EU2.5bn (equates 17k Bunds), UK 5yr and 40yr (equates combined to ~55k Gilts) should weigh into the bidding deadline, US 3yr for $58bn.
  • SYNDICATION: Germany 30yr Green EUR Bmk.