March 11, 2025 06:29 GMT
BUNDS: Lower As Greens Signal Hope For A Fiscal Deal
BUNDS
Bunds to fresh session lows as Green Party co-leader Brantner points to hope re: a fiscal deal being struck this week.
- Brantner also stresses that the party is ready to negotiate, although pushes back against the idea of giving a “blank cheque”.
- A reminder that most expected a fiscal deal to be struck ahead of the sitting of the new Bundestag later this month, even after the well-known stumbling blocks for the Greens were stressed/highlighted by senior party members over the weekend.
- Yesterday’s range in Bund futures still intact despite the ~50-tick fall from ~128.00 to 127.52.
- The technical set up in the contract remains bearish, although it is in oversold territory.
- Bears will look to force a break of Friday’s low (127.18) to expose the March 6 low and bear trigger (126.64).
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