March 06, 2025 07:16 GMT
BUNDS: Some Outstanding Moves in Bund and wider EGBs
BUNDS
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- Some outstanding moves in Bund, plummeted 400 ticks in the past two sessions since the German Debt break on Tuesday, or 542 ticks just this Week, as Tariff risks started it all.
- Yesterday's Volume in Bund was likely a all time record high, with the contract trading just over 3.1 Million Lots.
- Regardless, Bund saw another Gap lower on the open, so far has found support just ahead of the 127.00 Figure, printed a 127.14 low, ahead of the next support at 126.98 (equated to 2.90% Yesterday).
- The Opening gap is up to 127.86, and recovery above this level opens to 128.42 next.
- It's a lighter day on the Data front, UK DMP is scheduled, but more focus on US IJC, ahead of the NFP Tomorrow.
- ALL EYES will be on the ECB and while an expected 25bps cut should be delivered, the presser will be clearly watched for any forward rate hints, and views on the potential European Defence Spending spree, and those repricing Yield moves., although Madame Lagarde could stay clear of that.
- SUPPLY: Spain 6s, 10s plus Linker, France 10s, 15s, 20s.
- SPEAKERS: ECB Lagarde, Fed Harker, Waller, BoE Mann.
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