May 21, 2024 06:17 GMT
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.
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