Free Trial

Gapped higher on the open

BUNDS
  • Bund saw a ~30 ticks upside opening gap, catching up with the underpinned US Treasuries following a less then Hawkish Fed, forcing some shorts to cover last night.
  • Nonetheless, Bund is pretty much trading at Friday's mid range as Europe comes back from their Holiday.
  • Small resistance in Bund is seen here at 130.53, testing now (printed a 130.55 high), followed by 131.00.
  • Initial support is at 129.83 Friday's low.
  • Today sees, Swiss CPI, final Mfg PMIs for France, Germany, EU, US IJC/Factory orders, and final Durable goods.
  • SUPPLY: France 10s, 20s, 30s.
  • SPEAKERS: ECB Lane.
90 words

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.
  • Bund saw a ~30 ticks upside opening gap, catching up with the underpinned US Treasuries following a less then Hawkish Fed, forcing some shorts to cover last night.
  • Nonetheless, Bund is pretty much trading at Friday's mid range as Europe comes back from their Holiday.
  • Small resistance in Bund is seen here at 130.53, testing now (printed a 130.55 high), followed by 131.00.
  • Initial support is at 129.83 Friday's low.
  • Today sees, Swiss CPI, final Mfg PMIs for France, Germany, EU, US IJC/Factory orders, and final Durable goods.
  • SUPPLY: France 10s, 20s, 30s.
  • SPEAKERS: ECB Lane.