MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Focus on Italian supply before ECB

BUNDS
  • Bund trades close to yesterday's mid range overnight and going into the cash open, but has found a small bid on the cash open, ignoring the German GFK small beat, not a known market mover.
  • Support is unchanged at 132.60, while resistance moves down to 133.77, 134.01 and 134.32.
  • Again there's no real tier data out of Europe, Italy Consumer Confidence, is unlikely to be a big mover ahead of the {eu} ECB, when a 25bps hike will be expected.
  • There'll be more focus on the US, with prelim reading for Durable goods and Wholesales inventories, 2nd readings for GDP and Core PCE price index, as well as IJC.
  • SUPPLY: Early focus will be on the heavy Italian supply: Italy 2028, 2032, 2033 (equates to combined to 61.6k 10yr BTP) should weigh, plus 2028 floating bond, but the latter won't impact BTP, US sells $35bn of 7yr notes.
  • SPEAKERS: ECB Lagarde's presser.
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.