Free Trial

PMI Services and supplies

BUNDS
  • Bund is still trading either side of the 170.00 handle, nothing too surprising as investors awaits the US NFP on Friday.
  • Nonetheless medium, longer term outlook is unchanged, with risk tilted to the downside.
  • Equity Tech have recovered somewhat, after outage in tech apps yesterday (FB, WhatsApp, Instagram and others), higher yield risks, keeps weighing on single tech stocks also.
  • Today, sees Services PMIs from across the globe, and out of the US, ISM Services is the notable release.
  • SUPPLIES: UK £3bn 2025, and £2.25bn 2039 (Equates to 17.5k), unlikely to have much delta hedging impact for Gilts., Austria 2025, 2031, plus German linkers, which won't impact Bunds.
  • SPEAKERS: Include ECB Holzmann, Lagarde, and US Fed Quarles

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.