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Supply and ECB Account of the June meeting in focus today

BUNDS
  • A fairly tight range for Bund pre cash open (37 ticks), and trades near yesterday close.
  • The contract found good resistance yesterday short of the 1.108% June Yield low, which equated to 153.05, and printed a 152.92 high yesterday.
  • The sell off and pull back in futures was purely driven by the US ISM beat, and ALL EYES now turn to the USD NFP tomorrow, this will be an important one this month.
  • Bund has close the tiny gap down to 151.22 since the cash open, with small support now seen at 151.00.
  • Resistance is seen at today's high 151.65.
  • There's very little in terms of market moving data for today, main focus will be on the ECB minutes (Account).
  • BOE will release decision maker survey.
  • SUPPLY: Early focus will be on Supply, Spain 2026, 2030, 2032, 2052, and France 2032, 2044, 2048 and 2053.
  • SPEAKERS: ECB Lane, and Stournaras, Centeno, Herodotou speak in Athens.
  • BoE Mann and Pill, and Fed Waller, Bullard.

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