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Leaning bull flatter on the open

BUNDS

Contract has remained throughout the week at that circa 50% retracement of the 270 ticks fall from the 9th November.

  • Curve is leaning bull flatter, with 5/30s touching low of the session, but within past ranges.
  • Focus remains squarely on Brexit, as the Telegraph reports "EU diplomatic sources claim the trade deal is 90% done but warn that crucial breakthroughs on fishing, "level playing field" remain elusive., while France and Belgium urge the EU to step up preparations for "no deal"
  • We have no tier 1 data set for release today, but few more ECB speakers are scheduled, including Lagarde, Giundos and Weidmann.

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