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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.
BUNDS
- Bund is somewhat better offered on the cash open, after some decent rallies across the board yesterday.
- But seeing decent early buying in Treasuries, in 10yr and 20yr.
- Early focus is once again on the Euribor strip and the Red, Green pack part of the curve, especially ahead of the ECB.
- ERZ3 is close to yesterday's low at 99.955, with support at the 2020 low 99.915, and this will be followed by 99.895.
- Also some small early interest on ERU2/ERZ2 buying at 7.5.
- Today sees inflation data from German and Spain, with CPI releases.
- Out of the US, attention turns to the GDP.
- SUPPLIES: Italy EU2bn 2026, and EU3.75bn 2032 (Equates combined to 26.3k BTP), we also get floating 2029, but won't impact BTP.
- Out of the US, $62bn of 7yr.
Chart source: Bloomberg
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.
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