Free Trial

Heavy Italian supply, ahead of the awaited US CPI

BUNDS
  • Heavy Italian supply to start the day.
  • Despite the inline German Final CPI, the contract jumped 18 ticks, but still just short of the small downside opening gap (136.43 down to 136.29).
  • The 136.43 are will be the initial resistance, but better is seen towards 136.77 initially.
  • Small support moves up to 135.81.
  • ALL EYES are on the US CPI, there's no tier 1 data left for Europe.
  • BoE releases Liabilites/Credit Conditions Surveys.
  • SUPPLY: Early focus is on the heavy Italian Supply, 2026 (equates to 50.4k short BTP), 2029, 2038, 2039 (equates combined to 38.2k BTP), should weigh into the bidding deadline.
  • SPEAKER: ECB Nagel

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.