April 26, 2024 06:14 GMT
Finding a bid post Cash open
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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