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Hovers near session low

  • Bund and Tnotes gapped lower on the open, small relief, after futures and safer haven were favoured ahead of the Weekend, hedging risk, on Friday.
  • Both Bund and TYZ3 hovers near their intraday lows, with support in Bund still at 128.82 (gap), tested a 128.82 low on Friday.
  • Immediate resistance comes at 129.75 (opening Gap), followed by 130.20.
  • This morning sees, Italian CPI, but will be final release and no tier 1 data out of the US to start the week.
  • It is a lighter week for US Data this week.
  • SUPPLY: Slovakia 27s, 32s, 33s, 36s, should have no impact.
  • SPEAKERS: ECB Villeroy, de Cos, BoE Pill, Woods, Fed Harker (x2).

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