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The 1.80% Yield held

BUNDS
  • Bund continues to fade from yesterday's high overnight and on the cash open, German final PPI saw a 1 tenth higher revision.
  • The 1.80% held yesterday, equated to 142.67, and printed a 142.60 high. The Yield support remains the main resistance for the German future contract, although we do have a small opening gap up to 142.07 initially.
  • Small support moves up to 141.64, followed by 141.36.
  • This morning sees, Spanish PPI, Italian Consumer confidence, and nothing out of the US.
  • SPEAKERS: ECB Muller and Visco.

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