Free Trial

Heavy early supply

BUNDS
  • Bund stays within its tight 14 ticks range post the mixed UK employment data, earning saw a beat, while payrolled employee monthly change missed estimates, and Jobless claims change saw an improvement vs last.
  • Bund fell just 9 ticks, but is now flat post cash open.
  • Resistance for the contract is still at the small 130.94 gap, printed a 130.92 high Yesterday.
  • Support is also unchanged at 130.35.
  • Today sees, Spain and Portugal final CPIs, German ZEW, and no data out of the US.
  • SUPPLY: Netherlands EU2.5bn 2026 (equates to 26.1k Schatz, or 9.6k Bobl), German EU5.5bn 2yr {Equates to 52.4k Schatz), will weigh into the bidding deadline, especially combined with the Netherlands. UK supply is only a linker and won't impact Gilt. US sells $35bn of 10yr notes reopening.
  • SYNDICATION: The European Union €benchmark 12/2030 bond.

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.