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Ticking lower since the Cash open

BUNDS
  • Bund trades close to Yesterday's mid range going into the Cash open and initial resistance and support are unchanged at 132.65 initially and 133.27 at the upper end of the range, did print a 133.32 high Yesterday.
  • Further out would open to 133.74.
  • German Factory orders saw a big miss, and a higher revision, but not a known real market mover.
  • There's no tier 1 data out of Europe, UK DMP is due, and on the other side of the Atlantic, sees US IJC which can provide some short term Volatility.
  • ECB publishes Economic Forecasts, but the main focus is on the ECB and Presser.
  • SUPPLY: Spain 5s, 8s, 10s, France 2033, 2034, 2038, 2045.
  • SPEAKERS: Fed Powell (unlikely to hear anything new), Mester (x2).
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  • Bund trades close to Yesterday's mid range going into the Cash open and initial resistance and support are unchanged at 132.65 initially and 133.27 at the upper end of the range, did print a 133.32 high Yesterday.
  • Further out would open to 133.74.
  • German Factory orders saw a big miss, and a higher revision, but not a known real market mover.
  • There's no tier 1 data out of Europe, UK DMP is due, and on the other side of the Atlantic, sees US IJC which can provide some short term Volatility.
  • ECB publishes Economic Forecasts, but the main focus is on the ECB and Presser.
  • SUPPLY: Spain 5s, 8s, 10s, France 2033, 2034, 2038, 2045.
  • SPEAKERS: Fed Powell (unlikely to hear anything new), Mester (x2).