November 06, 2024 07:17 GMT
BUNDS: A very Busy overnight session
BUNDS
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- A very busy and volatile session for Govies, Bund already trades in a 138 ticks, but closer to flat post Cash open, led by the shorter end Euribor, Schatz, and Bobl, as desks start to look for Tariff and growth risks on this side of the Pond.
- The German curve is in turn steeper, with the 30yr Futures underperforming.
- Today, sees Services PMIs but will be final readings for France, Germany, EU and US.
- SUPPLY: German, 15s, 20s (equates combined to 20.8k Bund). US Sells $25bn of 30yr Bonds.
SPEAKERS: ECB Lagarde, Vujcic, Guindos, Villeroy.
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