May 07, 2024 06:16 GMT
Futures stay elevated
BUNDS
- Bund trades near Friday and Yesterday's top range following the US NFP Friday, and no impact on the cash open following the German Factory Order miss, not a known market mover.
- Next upside resistance for Bund is at 131.87 50-day EMA, followed by 132.24.
- Small support moves up to 131.22, followed by 130.98.
- There's no tier 1 data for today, German, UK Construction PMIs, and EU Retail sales are unlikely to be big market movers, while there are no scheduled Data out of the US.
- SUPPLY: Austria 2034, 2071, and US sells $58bn of 3yr Notes.
- SPEAKERS: ECB de Cos, Nagel, Fed Kashkari.
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