MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BUNDS: German 10yr Yield should be through next resistance

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • The Bund is still falling, that's now 105 ticks since the US NFP beat and 307 ticks from the October high, quite an impressive price with the street looking for more ECB cuts, although the move is in part driven by the US Treasuries, as the US 10yr Yield spikes to its highest level since the 31st July.
  • The German 10yr Yield should be through that 2.267% short term retrace (Aug/Oct) level when it is quoted, and next immediate support in Futures is at 132.99, while resistance moves down to 133.80.
  • Today sees, Italian IP, Portugal final CPI, but these are unlikely to move the needle, on the other side of the Pond, US IJC and of course the awaited US CPI.
  • ECB will release its account of the last meeting.
  • SUPPLY: US sells $22bn of 30yr re-opening.
  • SPEAKERS: Fed Cook, Barkin, Williams.
138 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The Bund is still falling, that's now 105 ticks since the US NFP beat and 307 ticks from the October high, quite an impressive price with the street looking for more ECB cuts, although the move is in part driven by the US Treasuries, as the US 10yr Yield spikes to its highest level since the 31st July.
  • The German 10yr Yield should be through that 2.267% short term retrace (Aug/Oct) level when it is quoted, and next immediate support in Futures is at 132.99, while resistance moves down to 133.80.
  • Today sees, Italian IP, Portugal final CPI, but these are unlikely to move the needle, on the other side of the Pond, US IJC and of course the awaited US CPI.
  • ECB will release its account of the last meeting.
  • SUPPLY: US sells $22bn of 30yr re-opening.
  • SPEAKERS: Fed Cook, Barkin, Williams.