Free Trial

Little in the way of activity for German......>

BUNDS
BUNDS: Little in the way of activity for German fixed income futures in early
trade this week, with the major contracts sitting a touch higher than settlement
at writing.
- Schatz +0.005, Bobls +0.020, Bunds +0.11.
- Bild circulated what it claimed to be an internal German government document
over the weekend, with the document noting that Germany faces a EUR 25bn budget
shortfall by 2023, unless it tightens spending, as tax revenues are set to fall
and public sector wages are on the rise.
- There were no notable Brexit developments over the weekend.
- Looking at the German docket this week, industrial production data provides
the highlight when it hits Thursday, with final German/EZ services & composite
PMI due Tuesday, factory orders due Wednesday and trade balance due Friday. Also
worth noting that ECB's Mersch & Costa are both due to speak on Monday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.