Free Trial

Plenty of focus on data this morning

BUNDS
  • A steady cash open for Bund, slightly better bid on the margin, unwinding some of yesterday's sell off, boosted by some countries set to re-open, providing a more positive growth outlook, and a potential Summer Boom back on the table.
  • Reflation trade were also noted yesterday afternoon as Bund fell
  • German 10yr yields reached highest levels since March 2020, with next target now at the 2020 peak -0.14%.
  • For the futures contract, initial resistance moves down to 170.09.
  • Plenty of data in focus today, French, EU, Portugal CPI/PPI, Spanish Retail sales and EU, German, Spanish and Portugal prelim CPI for the European morning session
  • Investors will also be looking for potential Month End flow

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.