October 07, 2024 06:20 GMT
BUNDS: Remains under pressure
BUNDS
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- Bund remains under pressure going into the European session following Friday's US Employment Data, albeit closer to flat and still off Friday's low, after it found support at the next Yield level seen at 2.239% on Friday, printed a 2.239% high then.
- Initial support will still be seen at that 133.64 area, while resistance moves down to 134.24, followed by 134.62.
- For the US 10yr Yield, it also failed to break the August high of 4.0204% on Friday, this level would equate to 112.15 Today.
- It is a lighter week on the Data front, the US CPI will be at the forefront on Thursday.
- For today, the EU retail sales is the only data release, but unlikely to be a real market mover.
- SPEAKERS: A busy start for the week, today includes, ECB Cipollone, Lane, Escriva, Nagel, Fed Bowman, Kashkari, Bostic, Musalem.
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