March 13, 2025 07:21 GMT
BUNDS: Heavy Italian supply, US Supply, PPI and IJC are in focus Today
BUNDS
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- The German Bund has recovered exactly 100 ticks from this Week's low of 126.53, printed a 127.53 high overnight.
The 2.95% Yield held, printed a 2.94% high, as some investors looked to park Cash. - The initial support moves up to today's low of 127.13, while 2.95% is the more important area to watch next, equated to circa 126.49 Yesterday.
- Next resistance is now a little further out, up to 128.33.
- US PPI and IJC are the only notable Data for the session.
- SUPPLY: Supply will be in focus Today, fairly heavy for Italy: Italy €4bn 2028 (equates to 51.4k short 2yr BTP) will weigh, Italy 2031, 2033, 2054 (equates combined 47k BTP) will weigh. US sells $22bn of 30yr reopening.
- SPEAKERS: ECB Rhen, Guindos, Vujcic, Makhlouf, Holzmann, Villeroy, Nagel, but expect similar rhetoric given the Tariff Risks uncertainty going forward.
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