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Early focus on the Bund supply

BUNDS
HomepageBond Market NewsBulletMarketsFixed Income Bullets
  • With main focus on the US CPI and the Fed today, and besides the Political risk in Europe, early focus for Govie traders will be on the German Bund supply.
  • German €4bn 10yr Bund (equates to 31.6k Bund), could somewhat weigh into the bidding deadline.
  • For outright Bund, small resistance moves down to today's high 130.50, and a break through, would open to 133.76, not a Tech level, but where the contract was trading pre the US NFP/AHE beat.
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  • With main focus on the US CPI and the Fed today, and besides the Political risk in Europe, early focus for Govie traders will be on the German Bund supply.
  • German €4bn 10yr Bund (equates to 31.6k Bund), could somewhat weigh into the bidding deadline.
  • For outright Bund, small resistance moves down to today's high 130.50, and a break through, would open to 133.76, not a Tech level, but where the contract was trading pre the US NFP/AHE beat.