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Bund jumped on the cash open

BUNDS
  • Bund jumped higher on the cash open, as Putin started to deliver his speech, saying that Military goals remains the same and more importantly that Russia will start partial mobilisation from today.
  • Bund gained 35 ticks, and saw further upside extensions, acting as safer haven, also seen in Gold.
  • Bund resistance moves down to 141.92, while main support is still seen at 140.31, which held yesterday afternoon.
  • There's no tier 1 data for the session, and all the attention is on the Fed (exp 75bps hike), and the dot plot for the terminal rate.
  • SUPPLY: Early focus will be on supply, German 10yr EU4bn Bund (equates to 28.7k Bund).
  • SPEAKERS: ECB de Guindos, and Fed Powell's presser.

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