May 23, 2024 06:11 GMT
Focus turns to PMIs
BUNDS
- A tight 16 ticks range for Bund overnight, 19 ticks post Cash open as investors gear up for PMIs day.
- Technical are unchanged, with support at 130.24, followed by 129.94.
- Small resistance moves down to 130.88, followed by the 131.45 area.
- Today sees, prelim PMIs for France, Germany, EU, UK and the US. US IJC is also due this afternoon.
- ECB will release Euro area indicator of Negotiated Wage.
- SUPPLY: US sells $16bn of 10y TIPS reopening.
- SPEAKERS: BoE Pill, ECB Villeroy, Fed Bostic.
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