Free Trial

UK BoE and supplies in focus for today

BUNDS

Bund trades within the tight overnight ranges on the cash open, albeit better bid.

  • Curves are mixed, but well within yesterday's range after they traded at flattest levels since Feb, following the big rally in futures, through -0.50% in 10yr yield support.
  • 5s/30s lean flatter, but off yesterday's low.
  • Attention turns to the BoE.
  • On the data front, French IP, and US IJC are the notable releases.
  • We also get German and UK Construction PMIs.
  • ECB release Economic bulletin.
  • SPEAKERS: Fed Waller and Kashkari.
  • SUPPLIES; Spain 3, 5, 10yr and France 10, 12, 15yr, which should limit upside into respective duration into the bidding deadlines.
  • Earning season continues, with Moderna, Kellog and News Corp

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.