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Remains elevated going into the Cash open

BUNDS
  • Bund remains well underpinned, following the US CPI, Real Earning and Retail sales misses Yesterday.
  • The contract has now gained closed to 200 ticks as desks positioned for a miss yesterday, following the lower PPI revisions on Tuesday.
  • US Tnotes (TYM4) has fully reversed last Month's CPI rallies (10th April), with next resistance for the contract seen at 110.06.
  • Better volumes have traded overnight and next resistance for Bund is at 132.24 initially, while small support is seen at 131.78 (gap), followed by 131.40 and 131.13.
  • Today sees, Italy final CPI, US IJC and IP, the last busy day on the data front with only the EU Final CPI Tomorrow, and no notable data out of the US.
  • SUPPLY: Spain 3s, 5s, 20s, France 3s, 5s, 6s plus linkers.
  • SPEAKERS: ECB Guindos, Panetta, de Cos, Centeno, Nagel, Villeroy, Fed Barr, Barkin, Harker, Mester, Bostic.
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  • Bund remains well underpinned, following the US CPI, Real Earning and Retail sales misses Yesterday.
  • The contract has now gained closed to 200 ticks as desks positioned for a miss yesterday, following the lower PPI revisions on Tuesday.
  • US Tnotes (TYM4) has fully reversed last Month's CPI rallies (10th April), with next resistance for the contract seen at 110.06.
  • Better volumes have traded overnight and next resistance for Bund is at 132.24 initially, while small support is seen at 131.78 (gap), followed by 131.40 and 131.13.
  • Today sees, Italy final CPI, US IJC and IP, the last busy day on the data front with only the EU Final CPI Tomorrow, and no notable data out of the US.
  • SUPPLY: Spain 3s, 5s, 20s, France 3s, 5s, 6s plus linkers.
  • SPEAKERS: ECB Guindos, Panetta, de Cos, Centeno, Nagel, Villeroy, Fed Barr, Barkin, Harker, Mester, Bostic.