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BUNDS: Focus is squarelly on the US NFP/AHE

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • There's very little change for Bund and {us} Tnotes Overnight, both contract trades in a fairly tight low traded volume ranges going into the European session ahead of the NFP.
  • The initial resistance for Bund at 133.86 is still untouched after only managing a 133.71 high this Week and it also failed Yesterday, after only printing a 133.61 high following the US IJC miss.
  • Initial support for the German 10yr is still at 132.72, followed by the more important 132.34 gap.
  • The German IP saw a big miss, but no real reaction, Bund is actually selling off a few ticks, more of a Cash driven flow move on the Open.
  • There's no Tier 1 Data in Europe and of course, all eyes will be on the US NFP/AHE, the range for NFP is 105k/240k, median 175k and early Whisper 198k.
  • SUPPLY: Belgium 2035, 2038, these are too small and won't impact Bund.
  • SPEAKERS: ECB Guindos, BoE Pill, Fed Bowman, Kugler.
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  • There's very little change for Bund and {us} Tnotes Overnight, both contract trades in a fairly tight low traded volume ranges going into the European session ahead of the NFP.
  • The initial resistance for Bund at 133.86 is still untouched after only managing a 133.71 high this Week and it also failed Yesterday, after only printing a 133.61 high following the US IJC miss.
  • Initial support for the German 10yr is still at 132.72, followed by the more important 132.34 gap.
  • The German IP saw a big miss, but no real reaction, Bund is actually selling off a few ticks, more of a Cash driven flow move on the Open.
  • There's no Tier 1 Data in Europe and of course, all eyes will be on the US NFP/AHE, the range for NFP is 105k/240k, median 175k and early Whisper 198k.
  • SUPPLY: Belgium 2035, 2038, these are too small and won't impact Bund.
  • SPEAKERS: ECB Guindos, BoE Pill, Fed Bowman, Kugler.