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Free AccessGerman Bund supply the early focus
- Bund is circa flat on the cash open, with the shorter 2s and 5s outperforming, while the 30yr underperforms, tilting the curve steeper on the cash open.
- Small support moves up to 136.71, followed by 136.38 initially.
- Resistance moves to 137.57.
- There's no tier 1 data for the session, and the only notable data out of the US will be Wholesale Inventories, but Final reading, shouldn't move the needle with ALL EYES on the CPI tomorrow.
- SUPPLY: Early focus will be on the German EU4bn Bund (equates to 28.7k Bund), should weigh into the bidding deadline.
- On the other side of the Pond US sells $35bn of 10yr notes.
- SPEAKERS: ECB Elderson, BoE Haskel, Cunliffe, Fed Williams, Barkin.
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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.