Free Trial

Pushing higher since the German PPI

BUNDS
  • A 10 ticks swing for the Bund on the cash open, but very tight range for the contract, after trading in a 15 ticks range overnight.
  • The contract tested the overnight intraday high on the cash open, and is extending higher after the German PPI saw a big miss vs consensus.
  • With the German PPI out of the way, EU Consumer Confidence is the only notable data.
  • Out of the US, we also get the usual weekly IJC, but data picks up again tomorrow, with UK Retail Sales, FR/GE/EU/UK/US prelim services PMIs.
  • More focus on ECB March Meeting Account.
  • SUPPLY: Early focus, will once again be on supply, today includes Spain 2029, 2033, 2048, France 3s, 7s (x2), plus 2028, 2038, 2053s linkers. US sells $21bn 5yr TIPS.
  • SPEAKERS: Plenty of speakers, but we are bound to hear the usual "data dependent" line.
  • Today includes, ECB Lagarde (but a pre recorded message), Visco, Holzmann, Schnable, BoE Tenreyro, Fed Waller, Mester, Bowman, Logan, Bostic.

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.