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BUNDS: Trades near Yesterday's top range

BUNDS
  • Bund has edged back towards Yesterday's top of the range, but still short of the initial resistance seen at 132.73.
  • The UK Data was mixed and provided a small 14 ticks swing in the Bund, initially gaining, to now trade below pre Data level, but still in a tight 20 ticks range.
  • Small support in Bund moves up to 132.15, and this will be followed by the 2.50% level in Yield.
  • With the UK Employment Data out of the way, only the German ZEW remains in terms of notable Data out of Europe.
  • For the US, NY 1yr inflation expectation is due, but the main focus is on the US CPI Tomorrow.
  • SUPPLY: Netherlands €2.5bn 2029 (would equate to 19k Bobl), UK £2.25bn 2043 (equates to 26.6k Gilt) could weigh, German €5bn Schatz (equates to 52.5k Schatz) should weigh into the bidding deadline.
  • SPEAKERS: ECB Holzmann, Centeno, Rehn, Cipollone, BoE Pill, Fed Waller (x2), Barkin (x2), Kashkari.
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  • Bund has edged back towards Yesterday's top of the range, but still short of the initial resistance seen at 132.73.
  • The UK Data was mixed and provided a small 14 ticks swing in the Bund, initially gaining, to now trade below pre Data level, but still in a tight 20 ticks range.
  • Small support in Bund moves up to 132.15, and this will be followed by the 2.50% level in Yield.
  • With the UK Employment Data out of the way, only the German ZEW remains in terms of notable Data out of Europe.
  • For the US, NY 1yr inflation expectation is due, but the main focus is on the US CPI Tomorrow.
  • SUPPLY: Netherlands €2.5bn 2029 (would equate to 19k Bobl), UK £2.25bn 2043 (equates to 26.6k Gilt) could weigh, German €5bn Schatz (equates to 52.5k Schatz) should weigh into the bidding deadline.
  • SPEAKERS: ECB Holzmann, Centeno, Rehn, Cipollone, BoE Pill, Fed Waller (x2), Barkin (x2), Kashkari.