Free Trial

Curve leans steeper in early trade

BUNDS
  • German 10yr Bund trades circa flat post cash open, underpinned by the shorter end Euribor, Schatz and Bobl, which will push the curve 2s/30s and 5s/30s steeper on the open with Buxl lagging.
  • Resistance for the contract moves down to 129.75, not a tech level, but where it was trading pre US CPI.
  • Support is at today's low, 128.82 (gap), followed by 128.61.
  • Today sees, French, Spanish final CPIs, EU IP, and US prelim Michigan (fri).
  • SPEAKERS: ECB Nagel Lagarde, BoE Bailey, Cunliffe, Fed Harker.

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.