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BUNDS
  • Despite some pullbacks from Yesterday's low in Futures, Yields remain at 2024 highs across EGBs and Treasuries.
  • Initial technical support in Bund seen at 129.57 1.50 proj of the Mar 8 - 18 - 27 price swing, has held, although did print a 129.53 low Yesterday, but so far today only a 129.58 low.
  • Next area in Yield is still at circa 129.37.
  • Resistance is seen towards 130.52 initially.
  • Today sees, ECB CPI expectations, but the main focus will be on the US PCE deflator, while Michigan will be final reading.
  • SPEAKERS: ECB Centeno.
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  • Despite some pullbacks from Yesterday's low in Futures, Yields remain at 2024 highs across EGBs and Treasuries.
  • Initial technical support in Bund seen at 129.57 1.50 proj of the Mar 8 - 18 - 27 price swing, has held, although did print a 129.53 low Yesterday, but so far today only a 129.58 low.
  • Next area in Yield is still at circa 129.37.
  • Resistance is seen towards 130.52 initially.
  • Today sees, ECB CPI expectations, but the main focus will be on the US PCE deflator, while Michigan will be final reading.
  • SPEAKERS: ECB Centeno.