Free Trial

March prints a contract high

BUNDS
  • There's still two days before expiry for Bund, but March is now front month, with the contract printing a contract high, December expiry still trades at its highest level since mid July.
  • Initial resistance for March is at today's high 134.42 testing through now, followed by 134.92.Support is at 133.87 gap.
  • Risk remains tilted to the upside, with decent volumes going through in the Euribor strip.
  • Today sees, Global services PMIs, final for FR/GE/EU/UK/US, French IP, US JOLTS, and ISM services.
  • ECB releases 1yr/3yr CPI expectations.
  • SUPPLY: UK 10yr Linker (won't impact Gilt), German EU4.5bn (48.4k Schatz) Should weigh into the bidding deadline.

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.