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BUNDS: Heavy Italian Supply

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Bund stays elevated into the Cash open, a continuation from the US IJC, CPI Yesterday, with the contract trading just above Yesterday's high.
  • The German final CPI came inline, and the UK data were on the mixed side taking into account the revisions.
    Bund saw some small selling interest on the Cash open, but remains in a very tight range, albeit at session low with Treasuries.
  • Initial resistance moves down to 133.80, followed by 134.07.
  • Support moves up to 133.06, although better will be seen at the September low of 132.65, which it failed to break Yesterday, after printing a 132.75 low.
  • There's no data left for Europe, focus this afternoon will be on US PPI, Canada employment, US prelim Michigan.
  • SUPPLY: Italy 2027s (equates combined 31.6k 2yr BTP), 2031, 2039, 2048 (would equate combined to a whopping 59.2k BTP) should weigh.
  • SPEAKERS: ECB Holzmann, Fed Goolsbee, Logan, Bowman.
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  • Bund stays elevated into the Cash open, a continuation from the US IJC, CPI Yesterday, with the contract trading just above Yesterday's high.
  • The German final CPI came inline, and the UK data were on the mixed side taking into account the revisions.
    Bund saw some small selling interest on the Cash open, but remains in a very tight range, albeit at session low with Treasuries.
  • Initial resistance moves down to 133.80, followed by 134.07.
  • Support moves up to 133.06, although better will be seen at the September low of 132.65, which it failed to break Yesterday, after printing a 132.75 low.
  • There's no data left for Europe, focus this afternoon will be on US PPI, Canada employment, US prelim Michigan.
  • SUPPLY: Italy 2027s (equates combined 31.6k 2yr BTP), 2031, 2039, 2048 (would equate combined to a whopping 59.2k BTP) should weigh.
  • SPEAKERS: ECB Holzmann, Fed Goolsbee, Logan, Bowman.