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BoE and the ECB are at the forefront

BUNDS
  • Bund trades at yesterday's mid range into the cash open. with investors turning their attention to the BoE and the ECB.
  • Since the cash open, buying interest has gone through in Bund and Treasuries, as well as an underpinned Euribor strip.
  • Yesterday's support seen at 136.67 held, printed a 136.66 low yesterday.
  • Resistance seen yesterday at 137.54, also held, printed 137.50 high.
  • There's no tier 1 data out of Europe for today, out of the US, Factory orders will be the notable release, as Durable Goods will be final reading.
  • SUPPLY: Spain 2026, 2028, 2043 plus 2030 linker, and France 2031, 2032, and 2044.
  • SPEAKERS: BoE Bailey and ECB Lagarde's pressers.

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