January 30, 2025 13:37 GMT
BUNDS: Staying underpinned into Madame Lagarde's presser
BUNDS
- Some small divergence between Bund and Tnotes, US Data was mixed, good IJC and personal consumption, but lower GDP.
- While the US Futures are capped post data, parfing gains, EGBs remain underpinned after the ECB delivered its widely expected 25bps cut without pre committing.
- While the contract tests the 20 day EMA right here at 131.97, better resistance is seen at 132.22 and 132.57.
- Attention turns to Madame Lagarde's presser in just over 5 minutes
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