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BUNDS: OAT/Bund spread will be watched

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The German Bund has extended gains overnight and into the Cash open, a continuation since the European PMIs misses.
  • Since the contract has broken above the 134.00 figure, this should mean that the German 10yr Yield should be below the next big level seen at 2.176%.
  • For the outright future, small resistance is seen at 134.05, printed a 134.07 high, but better is seen at 134.25 initially.
    Support is seen towards 133.54.
  • Desks will be looking at the OAT/Bund spread when the German is quoted, the spread traded at its widest level since 2012 Yesterday.
  • There's no tier 1 data out of Europe, focus is on US 2nd reading GDP/Core PCE QoQ, prelim durable/wholesales, IJC, MNI Chic PMI, Core PCE.
  • SUPPLY: US sells $44bn of 7yr Notes.
  • SPEAKERS: ECB Lane.
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  • The German Bund has extended gains overnight and into the Cash open, a continuation since the European PMIs misses.
  • Since the contract has broken above the 134.00 figure, this should mean that the German 10yr Yield should be below the next big level seen at 2.176%.
  • For the outright future, small resistance is seen at 134.05, printed a 134.07 high, but better is seen at 134.25 initially.
    Support is seen towards 133.54.
  • Desks will be looking at the OAT/Bund spread when the German is quoted, the spread traded at its widest level since 2012 Yesterday.
  • There's no tier 1 data out of Europe, focus is on US 2nd reading GDP/Core PCE QoQ, prelim durable/wholesales, IJC, MNI Chic PMI, Core PCE.
  • SUPPLY: US sells $44bn of 7yr Notes.
  • SPEAKERS: ECB Lane.