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Fades off its overnight high

BUNDS
  • Bund fades off its high after finding some resistance at yesterday's high overnight and on the cash open.
  • Still an impressive 336 ticks rally from yesterday's low.
  • Resistance is seen at 141.41 today's high, printed a 141.39 high yesterday.
  • There's a small opening gap down to 140.77, printed a 140.81 low overnight.
  • A break below the latter opens to 140.22.
  • Today sees very little in terms of data, EU PPI and out of the US Factory Orders, Durable goods will be final reading.
  • SUPPLY: Austria 2032 and 2051.
  • SPEAKERS: ECB Lagarde, de Cos, Centeno, and Fed Logan, Williams, Jefferson, Mester, Daly.

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