May 14, 2024 07:35 GMT
Swelling Issuance Pipeline Limiting Rallies, ZEW Up Next
BONDS
Swelling corporate issuance is helping keep rallies in check for now, with the EU and Italian syndications also underway.
- German ZEW data prevents the next data point of note (in ~90 minutes), with several desks seemingly wary of upside surprises in that release.
- Such an outcome could add further pressure to core global FI markets, with initial technical support levels in relatively close proximity across TY, Bund & gilt futures.
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