Free Trial

German 5/30s push towards August low and lowest since February

BUNDS
  • A tight cash open for Bund, trading circa 12k lots in the first 40 minutes of trading.
  • Most desk sits on the sideline ahead of the US CPI tomorrow.
  • Nonetheless, the 5s/30s curve is once again leaning flatter, and and trading near the August low at 70.231, now at 70.465.
  • The August low is also the lowest (flattest) level since the 9th February.
  • No real standout data for today. Out of Europe, sees the German ZEW, but it has been a while since it has been a market mover.
  • SUPPLIES: UK £2.75bn 2031 (Equate to 25k Gilts), and US $58bn 3yr note.
  • Speakers: Feb Mester (non voter, Leaning Hawk) speaks on inflation

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.