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BUNDS: Pleny of Data and Month End in Focus

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • A fairly steady Bund overnight session, although the contract has fallen back from Yesterday's best levels, as Trump reiterated his pledge to introduce 25% tariffs on imports from Canada and Mexico on Feb. 1 last night, biggest moves were seen in the CAD and MEX late Yesterday.
  • The initial resistance seen at 132.22 held, only managing a 132.12 high Yesterday.
  • The Bund is also still short of 131.42, not a tech level but where it was trading at before the European GDP misses Yesterday Morning.
  • The main support is still at 131.00.
  • It is another very busy day ahead on the Data front, French, Portugal and German prelim CPIs, EU CPI expectations are all due. And out of the US sees, US Core PCE, MNI Chicago PMI.
  • Month End extensions will also come into focus, these are massive for the UK, decent for the EU, but only small for the US.
  • Note that given the extensions, we can't rule out that some have been front loaded, but a bid in Bond futures could also still be expected later in the session.
  • SPEAKERS: Fed Bowman, ECB Villeroy.
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  • A fairly steady Bund overnight session, although the contract has fallen back from Yesterday's best levels, as Trump reiterated his pledge to introduce 25% tariffs on imports from Canada and Mexico on Feb. 1 last night, biggest moves were seen in the CAD and MEX late Yesterday.
  • The initial resistance seen at 132.22 held, only managing a 132.12 high Yesterday.
  • The Bund is also still short of 131.42, not a tech level but where it was trading at before the European GDP misses Yesterday Morning.
  • The main support is still at 131.00.
  • It is another very busy day ahead on the Data front, French, Portugal and German prelim CPIs, EU CPI expectations are all due. And out of the US sees, US Core PCE, MNI Chicago PMI.
  • Month End extensions will also come into focus, these are massive for the UK, decent for the EU, but only small for the US.
  • Note that given the extensions, we can't rule out that some have been front loaded, but a bid in Bond futures could also still be expected later in the session.
  • SPEAKERS: Fed Bowman, ECB Villeroy.