Bund: Despite the better bid in the.....>

MARKET TALK: Bund: Despite the better bid in the past few minutes, most still

only see 2 way price action. 

-Immediate resistance moves down to 177.87 initially.

*Plenty of talks, and mainly speculation from a few institutions, which are

keeping a close eye on Equities developments and risk that further big losses in

Equities could have CB pulling the trigger on cutting rates in between meeting. 

-For now with most equities off their latest lows,. Hanging on overnight

headlines that "a Phase one vaccine test is on the way", should abate the short

term risk of any CB move?

** Last time the Fed moved was Oct 2008 (put a piece out yesterday). A 50bps cut

is fully priced for the 18/03 meeting 

*ECB OIS are so far only pricing a 74% chance of a 10bp cut at the next 21/03

meeting., and fully priced by June.