Free Trial

Risk, Data and supplies in focus today

BUNDS
  • Bund remains underpinned with the Russian conflicts risks at the forefront downside for the contract may be somewhat limited very short term, this week.
  • But watch out for heavy supplies this morning, could see some early small pressure into the bidding deadlines.
  • German Scholtz is on his 2nd day in Moscow, so potential headlines of a resolution or not will be watched, given some speculation that Wednesday could be the day.
  • While Ukraine will hold a “Day of Unity” on Wednesday, as a message of unity.
  • Inflation and growth are the data to watch going forward, and today sees, the EU prelim GDP, and for cash traders the Portugal CPI.
  • Out of the US the PPI release is the notable data.
  • SUPPLIES: Decent supplies today, and should weigh in early trade, Netherlands 2032 EU6bn (would equate to 40.7k Bund), German 5yr Bobl EU4bn (equates to circa 34k Bobl).
  • SYNDICATION: Belgium 30yr EUR Benchmark

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.