MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Staying heavy on the cash open

BUNDS
  • Bund traded in a 13 ticks range overnight and slightly wider on the cash open, 25 ticks.
  • Although circa flat, the contract remains heavy, and continues to trade at its lowest level since the start of November (8th November).
  • Prop and local desks will look at 135.60, yesterday's low for initial support, as most Real Money desk stay on the sidelines as we head into year end.
  • Main initial supports are seen at 135.33 (2.35% Yield), and 134.98 (2.38% November peak in Yield).
  • Resistance moves down to 136.17, followed by 136.56.
  • There's nothing left on the data front, Italian PPI shouldn't move the needle, and out of the US, GDP and Core PCE will be 3rd readings.
  • SUPPLY: US sells $19bn of 5yr TIPS reopening.
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.