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Finding some resistance at Yesterday's high

BUNDS
  • Bund has found some small resistance just 1 tick short of Yesterday's high, printed 130.56 Yesterday vs 130.55 overnight.
  • Resistance remains at the 130.75/130.75 area, Friday's high, 2.63% in Yield and trendline.
  • Support moves up to 129.85 initially.
  • Today sees, Italy retail sales, EU CPI 1y/3y expectations, and US final Wholesales inventories.
  • SUPPLY: UK 2051 Linker, won't impact Gilt. German EU4bn Bund (equates to 32.6k) could weigh into the bidding deadline. US sells $40bn of 10yr Notes.
  • SPEAKERS: ECB Kazaks, Wunsch, Makhlouf, de Cod, Vujcic, Fed Powell, Wlliams, Barr, Jefferson.

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