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Free AccessPushing lower since the Cash open
- A Very light and tight range session in Bund and also seen across the Euribor strip, with just around 500 lots traded in each expiries pre Bund cash open.
- Bund was quoted two ticks wide going into the cash open, but drifting lower in low volumes since.
- Support comes at 136.25, Yesterday's low, while better is seen at the 135.81 area.
- Resistance moves down to 137.14/137.17 initially.
- Today sees, Spanish and German employment, and out of the US, ISM Mfg and JOLTS.
- FOMC Minutes are also due but unlikely to be a mover, with near term focus squarely on Data releases.
- SUPPLY: German EU4.5bn Schatz 2yr (equates to 42.9k Schatz) should weigh into the bidding deadline.
- SYNDICATION: Slovenia 10yr Benchmark.
To read the full story
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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.