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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.
BUNDS
- Bund is better offered on the cash open, with the outlook unchanged, and risk tilted to the downside.
- Initial target is unchanged at -0.298% in yield terms, equated to 17134 this week/today, and was tested after printing 171.33 this week.
- A clear break above -0.298% would open to -0.246%, which reference 171.41 would equate to 170.51.
- In terms of pure technical, below the 171.34/171.30 area, support is seen at 171.16 followed by the figure at 171.00.
- Nothing of real note on the data front for Europe, out of the US sees advance retail sales.
- SUPPLIES: Spain 3, 5, 10s, and {fr} France 3, 5, 6yr, which should help keep the lid on Govies, but into respective bidding deadlines.
- SPEAKERS: ECB Rehn and Lagarde.
Chart source: Bloomberg
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.
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