February 03, 2025 12:16 GMT
EGBS: Bund Futures Pierce Earlier Session Highs
EGBS
Bund futures have pierced earlier session highs of 133.26, now +76 today at 133.28. Little in the way of fresh headline flow seen, with NY desks starting to filter in and assess the weekend’s tariff-related developments.
- Next resistance in Bund futures is the Jan 3 high at 133.48
- The German curve continues to bull steepen, with 2-year yields now almost 9bps lower today.
- The BTP/Bund spread has widened 4bps to above 113bps, with the intraday recovery in European equities showing signs of stalling.
- Alongside trade-related headline flow, regional participants continue to await the ECB’s seasonally adjusted January flash inflation data.
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