MNI BRIEF: EC Reviews Estonia Economic Imbalances

MNI China Daily Summary: Wednesday, December 18

MNI BRIEF: China Youth Umemployment Rate Fell In November

MNI CHINA MONEY MARKET INDEX: Easing Expectations Surge

MNI DEC CHINA MONEY MARKET INDEX 36.0 VS NOV 53.5

MNI BRIEF: PBOC Warns Market On Bond Rally - Press

MNI: UK DEC CBI INDUSTRIAL TRENDS TOTAL ORDERS -40

MNI: EUROZONE NOV FINAL HICP -0.3% M/M, +2.2% Y/Y

MNI: EUROZONE OCT CONSTRUCTION OUTPUT +1% M/M, +0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBS: Tight German Ranges In Asia As Event Risks Nears

EGBS
EurozoneBulletGlobalFixed Income BulletsRegionMarkets

Bund futures in the middle of a tight 20-tick Asia range, -7 at 131.73.

  • Bearish technicals remain intact.
  • Support zone at 131.15/00 was not tested during yesterday’s morning sell off.
  • To the upside, initial resistance seen at the September 2 low (132.65).
  • Core global FI stuck to narrow ranges overnight, with impending U.S. election risk keeping many participants sidelined.
  • Comments from ECB’s Schnabel & Vujcic due today, no tier 1 European data.
  • That should leave macro headline flow and any last-minute U.S. election setup at the fore.
  • In the background note that the German coalition committee will meet tomorrow, as internal government issues remain evident.
  • Supply-wise, Austria will hold an RAGB auction to sell a combined EUR1.725bln of the 2.90% Feb-34 RAGB (ISIN: AT0000A39UW5) and the 3.15% Jun-44 RAGB (ISIN: AT0000A0VRQ6).
123 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.

Bund futures in the middle of a tight 20-tick Asia range, -7 at 131.73.

  • Bearish technicals remain intact.
  • Support zone at 131.15/00 was not tested during yesterday’s morning sell off.
  • To the upside, initial resistance seen at the September 2 low (132.65).
  • Core global FI stuck to narrow ranges overnight, with impending U.S. election risk keeping many participants sidelined.
  • Comments from ECB’s Schnabel & Vujcic due today, no tier 1 European data.
  • That should leave macro headline flow and any last-minute U.S. election setup at the fore.
  • In the background note that the German coalition committee will meet tomorrow, as internal government issues remain evident.
  • Supply-wise, Austria will hold an RAGB auction to sell a combined EUR1.725bln of the 2.90% Feb-34 RAGB (ISIN: AT0000A39UW5) and the 3.15% Jun-44 RAGB (ISIN: AT0000A0VRQ6).