June 18, 2024 06:11 GMT
Closer to flat post Cash open
BUNDS
- A lighter and tighter range for Bund overnight, after a decent start of the Week Yesterday.
- The German 10yr is closer to flat post cash open, and technicals are unchanged, support moves down to 131.97 initially.
- Resistance is still at 133.21, followed by 133.48.
- The liquidity seemed quite low, with the contract quoted 2 ticks wide going into the Cash open.
- Today includes, German ZEW, EU final CPI, US Retail Sales and IP.
- SUPPLY: UK £4bn 2029 (equates to 20.3k Gilt) could weigh, Germany €4bn Bobl (equates to 33.9k Bobl) could weigh, and US sells $13bn of 20yr reopening.
- SPEAKERS: ECB Vujcic, Cipollone, Guindos, Knot, Villeroy, Fed Collins (x2), Logan, Kugler, Musalem, Goolsbee.
107 words