MNI BRIEF: PBOC Increases Gold Reserves

MNI BRIEF: Japan Q3 GDP Revised Up On Net Exports, Capex

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI China Daily Summary: Friday, December 6

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Testing through Friday's high

BUNDS
  • Bund held the initial resistance noted Yesterday at 134.19, Friday's high, printed a 134.19 high Yesterday and overnight going into the Cash open, but a 134.23 since the open.
  • Looking at the December contract, it is close to be front Month, as investors increased their pace given the most important week for the US on the Data front, but September will likely still be front at least for today.
  • Bonds Futures saw their biggest moves since the 15th August, ignored all the heavy supply and the timing was also perplexing.
  • Oil fell throughout Yesterday, but Govies were not impacted throughout the early session, instead positioning well ahead of the ISM, was also a potential driver, combined with the lower Oil.
  • Further upside traction in Bund will open to 134.70, followed by the more important 135.18.
  • Small support moves up to 133.66, followed by 133.06.
  • Today sees, Services PMIs but final for France, Germany, EU, UK, EU PPI, US JOLTS, Factory orders, final Durable Goods.
  • SUPPLY: Germany €1bn 2041 (equates to 4.8k Buxl), €500mln 2038 (equates to 4.9k Bund) these won't impact futures, too small.
  • SPEAKERS: ECB Villeroy.
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.