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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.
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  • 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.