May 13, 2024 06:09 GMT
It's a busier week ahead
BUNDS
- It's a busier week ahead on the data front, which will start from tomorrow.
- Bund and Treasuries have seen lighter volume overnight, with most desks likely on the sidelines, with the US CPI (wed) at the forefront.
- German Bund remains close to Friday's low, with the initial support area still seen at 130.66/130.50, where it was trading pre NFP, and Friday's NFP low.
- Resistance moves up to 131.40, followed 131.87, with the latter holding last week. Japan reducing their Bond purchase, which helped Japanese Yields higher, have had no real impact in EGBs nor Treasuries.
- It's a slow start to the week on the data front, with only Portugal final CPI, and NY Fed 1y inflation expectation.
- SPEAKERS: Fed Mester and Jefferson discuss CB communications.
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