Free Trial

Data and Supply pick up today

BUNDS
  • Bund remains within a fairly tight 134.27/134.69 range so far this week, 16 ticks for the overnight session going into the Cash open.
  • Supports are unchanged at 134.17, followed by 133.77, and resistance is still seen at 134.78, followed by 135.18 initially.
  • UK Wage data looked to be close to inline, but it didn't stop the Pound from gaining ground.
  • This had no impact on the Bund, on the contrary, the German contract went bid.
  • Data picks up today with final Spanish CPI, German ZEW and US PPI.
  • SUPPLY: UK £3bn 2038 (equates to 33k Gilt) should weigh, Germany €5bn Schatz (equates to 53.6k Schatz) will weigh into the bidding deadline.
  • SPEAKERS: Fed Bostic.

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.