February 10, 2025 07:18 GMT
BUNDS: US CPI is in focus this Week
BUNDS
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- While the US Tnotes trades heavy into the European session following the Employment, Earning and Michigan beat on Friday, the German contract is exactly where it was trading at pre NFP, was circa 133.39.
- The US TYH5 would need to trade up to 109.18 for a similar unwind.
- Cash sellers were noted on the Open, but the range is still limited to 20 ticks, while Risk is still tilted to the upside and initial resistance remains at 133.86.
- Bund printed a 132.95 low on Friday, but first support is still eyed at 132.72, which is followed by the 132.34 gap.
- There's no Tier 1 data to start the Week, US NY Fed 1yr Inflation expectation is out later today, but won't be a market mover with focus on the US CPI this Week.
- SPEAKERS: ECB Lagarde at the EU Parliament.
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