May 09, 2024 06:16 GMT
Continues to fade from this week's high
BUNDS
- Bund continues to fade from this week's high, with the initial resistance noted at 131.87 holding so far this week.
- Moves are still fairly limited and futures were also helped by the US 10yr Auction Yesterday evening.
- Next support in Bund is at 130.98, followed by 130.55, while a test ahead to circa 130.66 would have consolidated the US NFP rally.
- It's another limited session on the data front, with only US IJC and UK DMP CPI expectations.
- Main focus will be on the BoE and presser, with the Vote split, Guidance, Forecast at the forefront, and any hints on possible timing for cuts.
- SUPPLY: Spain 5s, 8s, 15s, Ireland 2034, 2041, US Sells $25bn of 30yr Bonds.
- SPEAKERS: ECB Vujcic, Cipollone, Guindos, BoE Bailey, Pills, Fed Daly.
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