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  • A tight 13 ticks range for Bund overnight ahead of the Cash open, the August low in Yield has again held, after the US retail Sales didn't disappoint, and came fairly close to inline.
  • Desks locked in profit and squared some of the short term intraday position post data, as they were positioned for a retail sales miss, now both Bund and Tnotes trade closer to this week's low.
  • UK CPI was inline with consensus, as such the German 10yr stayed within the overnight tight range.
  • Support in Bund is unchanged at 134.37, and the 2.078% level in Yield equated to 135.50 Yesterday, that held after only manging a 135.39 Yesterday, and 135.49 last Week.
  • Today sees, EU final CPI, but All eyes are of course on the Fed, which at minimum will cut by 25bps, while the 50bps cut is still debated among Desks.
  • SUPPLY: UK £2.75bn 2033 (equates to 16k Gilt) should have limited impact, Italy 2032, 2035, 2037 (would equate combined 27.5k BTP), German 2053, 2054 (equates combined 14k Buxl) could weigh.
  • SPEAKERS: ECB Holzmann, Muller, Vujcic, Nagel, Fed Powell's presser.
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  • A tight 13 ticks range for Bund overnight ahead of the Cash open, the August low in Yield has again held, after the US retail Sales didn't disappoint, and came fairly close to inline.
  • Desks locked in profit and squared some of the short term intraday position post data, as they were positioned for a retail sales miss, now both Bund and Tnotes trade closer to this week's low.
  • UK CPI was inline with consensus, as such the German 10yr stayed within the overnight tight range.
  • Support in Bund is unchanged at 134.37, and the 2.078% level in Yield equated to 135.50 Yesterday, that held after only manging a 135.39 Yesterday, and 135.49 last Week.
  • Today sees, EU final CPI, but All eyes are of course on the Fed, which at minimum will cut by 25bps, while the 50bps cut is still debated among Desks.
  • SUPPLY: UK £2.75bn 2033 (equates to 16k Gilt) should have limited impact, Italy 2032, 2035, 2037 (would equate combined 27.5k BTP), German 2053, 2054 (equates combined 14k Buxl) could weigh.
  • SPEAKERS: ECB Holzmann, Muller, Vujcic, Nagel, Fed Powell's presser.