August 29, 2024 07:33 GMT
Futures Still In Tuesday's Range, Macro Cues Eyed
GILTS
Gilts a touch softer, in line with global peers as equities markets recover from lows.
- Futures -10 at 98.61.
- Tuesday’s extremes still present initial support and resistance (98.54 & 99.21).
- Yields ~1bp higher across the curve.
- Little to add on the news flow front, with Nvidia earnings dominating since yesterday’s close.
- The local calendar is empty until tomorrow, with the release of the DMO’s quarterly issuance calendar headlining on Friday.
- That means that wider macro releases are set to drive things today, with German state and national CPI due.
89 words