April 24, 2024 06:22 GMT
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).
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