September 20, 2024 06:15 GMT
BUNDS: Found support at the 134.00 mark
BUNDS
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- Bund has found some support at the 134.00 mark Yesterday, printed a 133.99 low, just ahead of the next support area of 133.79.
- While Rates and Bonds Futures saw a more hawkish play post the Fed 50bps cut, the Dollar has seen a more dovish price action going into and post the Fed meeting.
- Risk On has also likely helped to keep the pressure on the Dollar, after the SPX registered a new all time record high Yesterday on the Open.
- German PPI saw a small beat, while the UK retail sales saw a big beat, but none of these Data had any impact on the German Bund, nor EGBs.
- There's no real tier 1 data left for the session, focus today will instead be on the Equity Triple witching, when multiple Index and Options expire today, these can provide some Gamma Vol at and post expiry.
- SPEAKERS: BoJ Ueda, ECB Lagarde, Fed Harker (non voter, voter in 2026).
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