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Bund continues to fade from this week's high

BUNDS
  • Bund continues to fade from this week's high, with the initial resistance noted at 131.87 holding so far this week.
  • Moves are still fairly limited and futures were also helped by the US 10yr Auction Yesterday evening.
  • Next support in Bund is at 130.98, followed by 130.55, while a test ahead to circa 130.66 would have consolidated the US NFP rally.
  • It's another limited session on the data front, with only US IJC and UK DMP CPI expectations.
  • Main focus will be on the BoE and presser. With the Vote split, Guidance, Forecast at the forefront, and any hints on possible timing for cuts.
  • SUPPLY: Spain 5s, 8s, 15s, Ireland 2034, 2041, US Sells $25bn of 30yr Bonds.
  • SPEAKERS: ECB Vujcic, Cipollone, Guindos, BoE Bailey, Pills, Fed Daly.

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