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Bonds are closing their Opening gaps

CROSS ASSET
  • German Bonds, sees the Bobl closing its opening Gap, with Bund on the follow also closing it, was up to 134.16.
  • Nothing too surprising in some of the two way price action today, sold off in early trade with the initial moves reversing during the US hours, as the street awaits the US CPI and the ECB this Week.
  • Receiving interest has helped Govies, and in the Euribor strip, sees some buying interest in the red part of the stri are going through.
  • No spillovers as of Yet in the Dollar, as Yield slowly move lower, most notable price action across multi assets is actually in Metals, with Gold and palladium extending higher, Silver and Platinum lags.
  • Gold is edging back above $2500.00.
  • Initial resistance in Bund moves down to 134.50.
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  • German Bonds, sees the Bobl closing its opening Gap, with Bund on the follow also closing it, was up to 134.16.
  • Nothing too surprising in some of the two way price action today, sold off in early trade with the initial moves reversing during the US hours, as the street awaits the US CPI and the ECB this Week.
  • Receiving interest has helped Govies, and in the Euribor strip, sees some buying interest in the red part of the stri are going through.
  • No spillovers as of Yet in the Dollar, as Yield slowly move lower, most notable price action across multi assets is actually in Metals, with Gold and palladium extending higher, Silver and Platinum lags.
  • Gold is edging back above $2500.00.
  • Initial resistance in Bund moves down to 134.50.