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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Initial Tech levels hold

BUNDS
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  • Very little change for Bund going into the European session, after the contract found resistance at the initial level noted Yesterday of 131.87, printed a 131.86 high Yesterday.
  • A break above that area, opens to 132.24.
  • To the downside, levels are also unchanged, with small support at 131.22, followed by 130.98 initially.
  • German IP saw a beat vs consensus but was revised lower, not a known big market mover, so Bund remains where it was trading pre Cash open.
  • With the German IP out of the way, only the Italian Retail sales is due out this morning, again unlikely to move the needle.
  • On the other side of the Pond, US Wholesales is only final reading, another quieter session on the data front.
  • SUPPLY: UK £2.5bn 30yr (would equate to 28.8k Gilt) could weigh, Portugal 2034, 2038, should have no impact on Bund, US sells $42bn of 10yr notes.
  • SPEAKERS: ECB Wunsch, de Cos, {us} Fed Jefferson, Collins, Cook.
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  • Very little change for Bund going into the European session, after the contract found resistance at the initial level noted Yesterday of 131.87, printed a 131.86 high Yesterday.
  • A break above that area, opens to 132.24.
  • To the downside, levels are also unchanged, with small support at 131.22, followed by 130.98 initially.
  • German IP saw a beat vs consensus but was revised lower, not a known big market mover, so Bund remains where it was trading pre Cash open.
  • With the German IP out of the way, only the Italian Retail sales is due out this morning, again unlikely to move the needle.
  • On the other side of the Pond, US Wholesales is only final reading, another quieter session on the data front.
  • SUPPLY: UK £2.5bn 30yr (would equate to 28.8k Gilt) could weigh, Portugal 2034, 2038, should have no impact on Bund, US sells $42bn of 10yr notes.
  • SPEAKERS: ECB Wunsch, de Cos, {us} Fed Jefferson, Collins, Cook.