Free Trial

Underpinned into the European session

BUNDS
  • Bund trades at Yesterday's mid range, did find some buying interest pre cash open, and has pushed to its session high somewhat helped by the UK data miss, although the move has lacked momentum.
  • The contract did print a 135.60 high Yesterday, but initial upside target remains at 135.81, circa the May's low in Yield term.
  • Support comes at 134.80, 134.24 and 133.87.
  • Today includes, EU IP, US PPI, and FOMC decision, expected unchanged at 5.5%, followed by Fed Powell's presser.
  • SUPPLY: UK £2bn 30yr (equates to 32k Gilt) should weigh, Italy 2023, 2030 (equates combined 29.4k BTP) should weigh.

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.