Free Trial

BUNDS: Heavy Italian supply, US Supply, PPI and IJC are in focus Today

BUNDS
  • 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.
134 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.
  • 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.