Free Trial

Focus turns to the ECB

BUNDS
  • A steady open for Bund, and the contract trade within yesterday's tight 44 ticks range, with focus turning to the ECB rate decision and presser.
  • Risk remains tilted to the downside, with next target seen at the next yield resistance, at -0.298%, which reference 171.72, would equate to 171.34.
  • We have no tier 1 data left for the session, US IJC is the only notable release.
  • SUPPLIES: Ireland 10 and 20yr, but don't expect much delta hedging impact on Bunds.
  • Out of the US. $24bn 30yr.
  • SPEAKERS: Besides Lagarde, Fed Daly, Evans, Bowman and Williams.

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.