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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.
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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.