October 17, 2024 06:11 GMT
BUNDS: Supply and ECB are at the forefront in Europe
BUNDS
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- Little change for Bund, a 16 ticks range overnight heading into the Cash open, as the street awaits the ECB rate cut and Lagarde's presser.
- All Economists polled by Bloomberg are going for a cut following the lower inflation and PMI data, and Madame Lagarde will hopefully keep the markets steady, with the meeting-by-meeting or data dependent approach.
- Resistance was seen Yesterday at 134.17, printed a 134.25 high, this area remains the initial upside target followed by 134.56.
- Support for the German 10yr comes at 133.69 initially.
- Today sees, EU final CPI, US IJC, Retail Sales, and IP.
- SUPPLY: Early focus in Europe will be on Supply, Spain 7s, 10s, 25s, France 3s, 4s, 5s plus linkers.
- SPEAKERS: ECB Lagarde, Fed Goolsbee, BoE Woods.
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