Free Trial

Focus on early supplies ahead of FOMC

  • With attention turning to the awaited FOMC, German Bund stays in a tight opening range since the cash open.
  • Despite the Longer end underpinned, the curve leans bull steeper, just short of yesterday's high at 92.29
  • Nothing left in terms of tier 1 data for the session after the UK inflation beat on the open, which saw some algo reaction with Cable gaining 10 pips, but now back at pre data levels.
  • ALL EYES will of course be on the FOMC.
  • SUPPLIES: Early focus will be on UK 2035 £2.5bn (equates to 30k Gilts), German Bund 10yr EU5bn (equates 32k Bund), and an Italian 2 BTP Specialist split tap for a combined EU1.5bn, but shouldn't impact BTPs.
  • SPEAKERS: ECB Elderson, de Guindos, and US Powell presser

To read the full story



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.