Free Trial

Early focus is on supply

BUNDS
  • Bund and Treasuries might be showing in the green going into the European cash open, but both Bund and Tnotes remains heavy and closer to their supports.
  • Initial support in Bund is still at 131.54, followed by the 131.09 area.
  • Note that in February, when the German 10yr Yield printed 2.512%, Bund went as low as 131.23, that 2024 high Yield level equated to 131.09 Yesterday, and this will now be the main key support.
  • There's not notable data for today, with the main focus on the US CPI Tomorrow.
  • ECB will release Bank lending survey, and there's no scheduled data out of the US.
  • SUPPLY: Austria 5y, 10y, UK £2.25bn 2043 (equates to 32.3k Gilt) should weigh into the bidding deadline, German €4bn Bobl (equates to 33.6k Bobl) should weigh, US sells $58bn of 3yr notes.
  • SYNDICATION: Belgium 5yr Benchmark.

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.