MNI BRIEF: PBOC Held Gold Purchases In Aug, Forex Reserves Rose

MNI: WILLIAMS SAYS JOBS DATA CONSISTENT WITH SLOWING ECONOMY

MNI BRIEF: US Aug Jobs Confirm Fed Rate Cut; U-Rate 4.2%

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, JULY -86K

MNI China Daily Summary: Friday, September 6

MNI BRIEF: China To Address Consumption In Next Five-year Plan

EZ/UK Bond Supply Calendar: EU Syndication; BoE APF Due Monday

CANADA AUG IVEY PURCHASING MANAGERS INDEX 48.2 SA

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, JULY -86K

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Heavy Italian supply, and Data are picking up today

BUNDS
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • A quiet 12 ticks wide overnight session for Bund, extended to just 13 ticks post Cash open, as Data start to pick up today and into Friday.
  • Support is unchanged and at 133.66, equated to 2.30% on Tuesday, will update level when the Yield is quoted.
  • Resistance moves down to 134.51, followed by 134.70, and more importantly 135.18.
  • Today sees, Spain prelim CPI, German Regional/National CPIs, US 2nd reading for GDP/Core PCE, and prelim Wholesales, IJC.
  • SUPPLY: HEAVY Italian supply, €4.5bn 2029 (equates to 24.3k BTP or a whopping 100k short 2yr BTP), Italy €3.25bn 2035 (equates to 32.65k BTP) should weigh, the Italian 2032 is a floating Bond and won't impact BTP.
  • US sells $44bn of 7yr Notes.
  • SPEAKERS: ECB Lane, Nagel, Fed Bostic.
120 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.
  • A quiet 12 ticks wide overnight session for Bund, extended to just 13 ticks post Cash open, as Data start to pick up today and into Friday.
  • Support is unchanged and at 133.66, equated to 2.30% on Tuesday, will update level when the Yield is quoted.
  • Resistance moves down to 134.51, followed by 134.70, and more importantly 135.18.
  • Today sees, Spain prelim CPI, German Regional/National CPIs, US 2nd reading for GDP/Core PCE, and prelim Wholesales, IJC.
  • SUPPLY: HEAVY Italian supply, €4.5bn 2029 (equates to 24.3k BTP or a whopping 100k short 2yr BTP), Italy €3.25bn 2035 (equates to 32.65k BTP) should weigh, the Italian 2032 is a floating Bond and won't impact BTP.
  • US sells $44bn of 7yr Notes.
  • SPEAKERS: ECB Lane, Nagel, Fed Bostic.