Free Trial

Focus on BTP

BUNDS

A fairly tight open for Bund cash open, in a 10 ticks range (176.30-176.40).

  • Curve is flat, tilted bear steeper.
  • Once again, the focus is on the Italian BTP, after Mario Draghi won the vote by 60% and is now expected to be sworn in on Saturday.
  • 10yr yield has printed another record low at 0.444%, while the BTP/Bund has broken through 90.bps, which was the target for some of the Banks.
  • Next support here comes at 87.5135 (12/03/15 low)
  • Today in terms of data, only Spanish CPI is left, but final reading here, so unlikely to move the needle.
  • More Focus on US Michigan this afternoon

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.