January 25, 2023 07:21 GMT
Unchanged into the cash open
BUNDS
- Bund trades unchanged into the cash open, and the 137.55 support still holds, printed a 137.53 low last week and 137.54 low yesterday.
- Initial resistance for the contract is at the 138.97/139.06 area.
- Today sees Spanish PPI and German IFO, as the only notable data for the session, and no tier 1 release out of the US.
- SUPPLY: German EU1.5bn 15yr (equates to 14.5k Bund), shouldn't have an impact on Bund.
- SYNDICATION: Kingdom of Spain 10yr.
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