September 30, 2024 08:17 GMT
EGBS: Pressured After Regional German CPI Data
EGBS
Bunds to fresh session lows following the German regional CPI data, as some of the dovish market positioning established since Friday’s French & Spanish CPI readings unwinds.
- The regional level data released thus far points to a broadly in line with consensus national reading.
- Bund futures as low 134.59 on the follow but do not challenge initial support at Friday’s low (134.31).
- Yields 2-3bp higher on the day across the curve.
- EGB spreads to Bunds off wides covered earlier, now flat to 1bp wider on the day.
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