July 05, 2022 06:14 GMT
Services PMIs the early focus
BUNDS
- A wide overnight session for Bund, but volumes stays below average.
- A more notable session for US Treasuries, in high Volumes, following the US Bank Holiday yesterday.
- Bund has a small opening gap up to 149.44, and this will be seen as the initial resistance.
- Support is the session low 148.72.
- Today sees Services PMIs, although will be final readings France, Germany, EU, UK, and the US.
- Other notable releases, sees French IP, and out of the US Factory Orders. Durable Goods will be final reading.
- SUPPLY: UK £2bn 2051 (Equates to 35.4k Gilt).
- Austria 2032 and 2038, and German Linkers (won't impact Bund).
- Bank of England financial stability report, and BoE Tenreyro is the scheduled speaker.
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