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Edging back in the Green post Cash open.

BUNDS
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Bund traded in a 20 ticks range overnight going into the cash open, and the 2024 high in Yield held yesterday, printed a 2.681% high vs 2.706% 2024 high.
  • This level equated to 129.34, a touch below 129.37, the May's printed low.
  • The UK data came on the weaker side, but closer to inline, which had no real impact on Bund, only gaining 7 ticks since the release, and still trading within its overnight range post Cash open.
  • Support in Bund remains at the 2024 high in Yield, while resistance moves down to 130.29.
  • With the UK tier 1 data out of the way, there's no other scheduled data for the session.
  • The main focus this week is on the US CPI and FOMC Tomorrow.
  • SUPPLY: Netherlands €2bn 2034 (equates to 16k Bund) should have no impact, Finland 2034, 2055 (won't impact Bund), US sells $39bn of 10yr reopening.
  • SYNDICATION: EU 15yr.
  • SPEAKERS: ECB Simkus, Villeroy, Rehn, Holzmann, Lane, Makhlouf, Elderson.
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  • Bund traded in a 20 ticks range overnight going into the cash open, and the 2024 high in Yield held yesterday, printed a 2.681% high vs 2.706% 2024 high.
  • This level equated to 129.34, a touch below 129.37, the May's printed low.
  • The UK data came on the weaker side, but closer to inline, which had no real impact on Bund, only gaining 7 ticks since the release, and still trading within its overnight range post Cash open.
  • Support in Bund remains at the 2024 high in Yield, while resistance moves down to 130.29.
  • With the UK tier 1 data out of the way, there's no other scheduled data for the session.
  • The main focus this week is on the US CPI and FOMC Tomorrow.
  • SUPPLY: Netherlands €2bn 2034 (equates to 16k Bund) should have no impact, Finland 2034, 2055 (won't impact Bund), US sells $39bn of 10yr reopening.
  • SYNDICATION: EU 15yr.
  • SPEAKERS: ECB Simkus, Villeroy, Rehn, Holzmann, Lane, Makhlouf, Elderson.