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Test immediate support on the open

BUNDS
  • Bund test that 130.47 gap level pre cash open, with the 30yr also back towards 127.00 after it found resistance at the 2.70% Yield support, printed a 2.709% low on Wednesday.
  • Nonetheless, it's been a 262 ticks swing in the Buxl since that day.
  • Support in Buxl is seen towards 126.42 initially.
  • For Bund, a clear push through the 130.47 area, would open to 130.13, followed by 129.72, where the contract was around pre US CPI, and not a technical level.
  • Today sees, German IFO, and US prelim services PMI.
  • SPEAKERS: {eu} ECB Lagarde, de Guindos, de Cos.

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