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BUNDS: Bund and Treasuries stays underpinned overall

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The German Bund is seeing some small offers post Cash open, as Equities (VGH5) spikes higher, but note that the Estoxx did trade as high as 5511.00 Yesterday, so still short of the level, now at 5502.00.
  • Some mixed early flow on the Open, selling in Tnotes (TYH5) is met by buyers, around 6k bought from the lows (cumulative volumes).
  • The German contract saw a good bounce off Yesterday noted gap of 132.23 and ahead of the 2.50% Yield that equated to 131.97, fall in Gas price, followed by the US PPI that hinted to weak PCE component, plus delayed talk on Tariffs, helped Bund rally 78 ticks Yesterday.
  • Small initial resistance in Bund is at 133.13, although our Tech desk points to the 50 day EMA at 133.00 today.
  • Support moves up to 132.55, but Yesterday's levels remains (2.50% Yield).
  • Focus today is on the EU GDP, and on the other side of the Pond, US Retail sales to end the Week.
  • SPEAKERS: Fed Logan.
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  • The German Bund is seeing some small offers post Cash open, as Equities (VGH5) spikes higher, but note that the Estoxx did trade as high as 5511.00 Yesterday, so still short of the level, now at 5502.00.
  • Some mixed early flow on the Open, selling in Tnotes (TYH5) is met by buyers, around 6k bought from the lows (cumulative volumes).
  • The German contract saw a good bounce off Yesterday noted gap of 132.23 and ahead of the 2.50% Yield that equated to 131.97, fall in Gas price, followed by the US PPI that hinted to weak PCE component, plus delayed talk on Tariffs, helped Bund rally 78 ticks Yesterday.
  • Small initial resistance in Bund is at 133.13, although our Tech desk points to the 50 day EMA at 133.00 today.
  • Support moves up to 132.55, but Yesterday's levels remains (2.50% Yield).
  • Focus today is on the EU GDP, and on the other side of the Pond, US Retail sales to end the Week.
  • SPEAKERS: Fed Logan.