Free Trial

Targeting next Yield levels

BUNDS
  • Although Bund is seeing another tight overnight range of 16 ticks, the trend in Futures has been to the downside, and Yields keep on rising.
  • The contract is off its low but should be close to the 2.45% level when the Yield is quoted, equated to 131.78 Yesterday, today printed a 131.83 low, but for now Bund is back towards its session high and the 132.00 figure.
  • US Tnotes has seen similar price action, and although TYM4 shows that it is 3.5 ticks up going into the European Cash Govie open, the Yield is finding some offers at the 4.30% mark, printed a 4.2982% high Yesterday and 4.2942% today.
  • This level equated to ~110.04 Yesterday.
  • Today sees, France/Italy final CPIs, Italy retail sales , US IP, and prelim Michigan.
  • BoE Inflation attitudes survey will also be released.
  • SPEAKERS: ECB Panetta, Vujcic, Lane.

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.