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Focus is on Yields

BUNDS
  • A fairly subdued cash open for Bund, following the incredibly messy week last week.
  • 10yr Yield fell from -0.066% (just ahead of resistance at -0.05%), to -0.285% on Friday.
  • Some desks may start to look at fading some of the over reaction with next yields support seen at -0.239% and -0.347%, these are retracements.
  • Reference 170.93, would equate to 171.37 and 172.09 respectively.
  • Nothing of real note on the calendar for today, but we have a packed week for speakers, starting today with ECB Makhlouf, Lane, Fed Powell, Clarida, Bowman, Harker, Evans, and BoE Bailey.
  • Out of the US, sees 3yr notes

Chart source: Bloomberg

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