MNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan

MNI: China CFETS Yuan Index Up 0.07% In Week of Jun 28

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1265 MON VS 7.1268

CHINA JUNE CAIXIN MANUFACTURING PMI 51.8 VS 51.7 IN MAY

MNI: BOJ Tankan: Sentiment Rises, Solid Capex Plans, Backs BOJ

Tankan Survey Mixed, But Large Manufacturing Outlook Back To Late 2021 Highs

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Bunds Hover Around 50-day EMA Following US CPI and Retail Sales Data

STIR
BulletMarketsFixed Income BulletsHomepageBond Market News

Bunds are holding onto gains after the US-data inspired rally, spearheaded by a soft US retail sales print and largely in-line US CPI report.

  • Bunds are currently +110 ticks at 131.61, hovering around key resistance at 131.69 (50-day EMA). A sustained clearance of this average would be a bullish development from a technical standpoint.
  • ECB-dated OIS contracts remain within recent ranges, with 72bps of cuts priced through the remainder of 2024 (vs 71bps pre-data and a post-data dovish extreme of 74bps).
  • 10-year periphery spreads to Bunds tightened on release but have partially retraced the initial move lower, with the BTP/Bund spread now around 2.5bps tighter today at ~131.5bps.
108 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.

Bunds are holding onto gains after the US-data inspired rally, spearheaded by a soft US retail sales print and largely in-line US CPI report.

  • Bunds are currently +110 ticks at 131.61, hovering around key resistance at 131.69 (50-day EMA). A sustained clearance of this average would be a bullish development from a technical standpoint.
  • ECB-dated OIS contracts remain within recent ranges, with 72bps of cuts priced through the remainder of 2024 (vs 71bps pre-data and a post-data dovish extreme of 74bps).
  • 10-year periphery spreads to Bunds tightened on release but have partially retraced the initial move lower, with the BTP/Bund spread now around 2.5bps tighter today at ~131.5bps.