Free Trial

Closed the small opening gap

BUNDS
  • Bund consolidate some of yesterday's sell off after the contract fell a big 201 ticks from yesterday's high.
  • Support noted at 165.14 has held for now, printed 165.16 low yesterday.
  • The contract has close the small overnight opening gap, up to 165.88.
  • Russia remains at the forefront near term, although longer term outlook for Bonds are still to the downside.
  • Yesterday: "Putin recognizes separatist claims to Ukraine’s entire Donbass region".
  • There is no tier 1 data for the session, EU CPI will be final reading, and nothing of note out of the US.
  • SUPPLIES: Italy 2023 EU3bn (Equates 4.7k BTP), and German 15yr EU1.5bn (Equates to 13.5k Bund).
  • Both supplies will have very little hedging impacts.
  • SPEAKERS: Plenty of speakers are scheduled, with ECB Villeroy, Guindos, de Cos, BoE Bailey, Tenreyro, and Fed Daly

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.