May 20, 2024 06:16 GMT
Extending lower post Cash open
BUNDS
- Although Bund has traded in a fairly tight range overnight, the contract remains heavy, as its reversed last week's US CPI rally.
- Bund has now lost 161 ticks from that peak, with next support now seen at 130.24, followed by 129.94 (gap).
- Resistance comes at the 131.40/131.45 area initially.
- There are no Data release out of Europe or the US for today, and the main focus for this week will be on the UK, Japan CPIs, and Services PMIs.
- SUPPLY: Slovakia 2026, 2028, 2034, 2036, won't impact Bund.
- SPEAKERS: Fed Bostic (x2), Barr, Waller, Jefferson, Mester.
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