Free Trial

Bouncing off the lows on the Cash open

BUNDS
  • A steady overnight session for Bund, with volumes mostly attributed to rolling positions into Sep.
  • The Contract has found support just ahead of the 1.15% Yield yesterday, which equated to 151.25 (printed a 151.34 low yesterday).
  • The contract is off its overnight lows and edging to session high since the cash open on the German Retail Sales miss.
  • Support remains at 151.25, while resistance moves down to 152.16.
  • There's very little in terms of market moving data for the session, European, UK and US manufacturing PMIs will be final readings.
  • On the margin, US ISM Manufacturing and prices paid is the notable release.
  • SPEAKERS: ECB Knot, Panetta, Lane. Lagarde and Villeroy (on Green transition), Fed Bullard, Williams.

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.