Free Trial

Close to the 2.55% mark

BUNDS
  • Very little change for Bund, with the contract still trading heavy and near last Friday's low, and in turn near the 2.55% mark in Yield.
  • Initial support is still nonetheless seen towards 2.56% = 130.45 (61.8% retrace of Oct/Dec fall) initially.
  • Yesterday's high of 131.47 will be the first resistance, followed by 131.87.
  • Today sees, German IFO, Italy Consumer Confidence, and US Durable goods.
  • SUPPLY: German €4bn Bund (equates to 32.9k Bund) could weigh into the bidding deadline, US sells $30bn 2yr FRN (won't impact Treasuries), and sells $70bn of 5yr Notes (should weigh).
  • SYNDICATION: Greek 30yr Benchmark, UK 30yr Gilt.
  • SPEAKERS: ECB de Cos, Nagel, Villeroy, Cipollone (x2).

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.