Free Trial

Remain elevated into the cash open

BUNDS
  • Bund remains elevated, albeit flat into the Cash open, and so far only trading in a 30 ticks range and overall still at its highest level for the March contract, and Yield at their lowest since March.
  • Yesterday's high of 138.12 has so far held, printed a 138.09 overnight, but next upside main target is at the 138.42 area, equates to the 2023 low in the 10yr Yield.
  • Supports are seen at 137.65, followed by 137.32.
  • There are no tier 1 data out of Europe, Italian PPI shouldn't move the needle.
  • On the other side of the Pond, US third reading GDP/Core PCE, and IJC are the notable releases.
  • Overnight desks will have an eye on the Japan CPI.
  • SPEAKERS: ECB Lane.

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.