NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

BoE Data Watch

RBA Data Watch

Riksbank Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs are still trading at key Yield levels

BUNDS
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • EGBs and Bund are still testing next Yield levels, Bund found support right at the 2.60% mark Yesterday, printed a 2.60% high.
  • Going into the Cash open, the Yield should still be close to that level when it is quoted, 130.03 was Yesterday's low in Futures..
  • Resistance moves down to 130.52, followed by 130.98.
  • The BTP saw similar price action with the 4% level, the February and 2024 high holding, printed a 3.999% high Yesterday.
  • OAT still sees the next area of interest at 3.14% = 124.71 (61.8% retrace of Oct/Dec fall), but failed to break below 125.00 Yesterday.
  • There's no real Tier 1data out of Europe, ECB publishes its Eco bulletin, so main focus will be on the US core PCE/GDP/IJC.
  • SUPPLY: US Sells $44bn of 7yr Notes.
  • SPEAKERS: ECB Lagarde, Schnabel, Vujcic Panetta, Nagel.
129 words

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.
  • EGBs and Bund are still testing next Yield levels, Bund found support right at the 2.60% mark Yesterday, printed a 2.60% high.
  • Going into the Cash open, the Yield should still be close to that level when it is quoted, 130.03 was Yesterday's low in Futures..
  • Resistance moves down to 130.52, followed by 130.98.
  • The BTP saw similar price action with the 4% level, the February and 2024 high holding, printed a 3.999% high Yesterday.
  • OAT still sees the next area of interest at 3.14% = 124.71 (61.8% retrace of Oct/Dec fall), but failed to break below 125.00 Yesterday.
  • There's no real Tier 1data out of Europe, ECB publishes its Eco bulletin, so main focus will be on the US core PCE/GDP/IJC.
  • SUPPLY: US Sells $44bn of 7yr Notes.
  • SPEAKERS: ECB Lagarde, Schnabel, Vujcic Panetta, Nagel.