Free Trial

Little impact from the German PPI

BUNDS
  • Bund stays within Yesterday's tight 37 ticks range overnight and into the Cash open.
  • German PPI came below consensus by had no impact, Bund ticked 4 ticks higher, to then retrace, but remains closer to Yesterday's mid range.
  • Initial supports are unchanged, at 130.24, followed by 129.94 (gap).
  • Resistance is still at the 131.40/131.45 area initially.
  • There are no notable Data out of Europe nor the US, but for North America, some focus will be on the Canadian CPI.
  • SUPPLY: UK £2.25bn 2043 (equates to 32.4k Gilt) could weigh, German €4bn Bobl (equates to 33.6k Bobl) could weigh, Finland 2029, 2034 (won't impact Bund).
  • SPEAKERS: ECB Lagarde, Germany Linder award Janet Yellen an honorary doctorate. Fed Barkin, Waller, Williams, Bostic Barr, and BoE Bailey are also scheduled.

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.