Free Trial
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.
BUNDS
- Focus today is squarely on the US CPI.
- Bund tested the next support yield area noted at -0.293%, which equated to ~171.37 area.
- Medium, longer term outlook is unchanged and tilted to the downside. Very short term, and so far this week, has seen more lighter short cover from Fast Money, Prop desks, Locals.
- In terms of pure tech, resistance will be at yesterday's high, followed by 171.72 High Sep 23.
- Above the latter, sees Yield support at -0.347%, which equates circa 172.09.
- Besides the US inflation, today sees, Italian IP, US AWE and Wholesale inventory.
- SUPPLIES: We get UK linkers, (won't impact Gilts), German Bund EU3bn (equates to 20k), expect limited delta hedging impact.
- Portugal 10 and 15yr, and US $25bn 30yr.
- SPEAKERS: Will be largely ignored, with focus squarely back onto Data releases ahead of the next Central Banks December meetings.
- Today includes, ECB Elderson and BoE Tenreyro.
Chart source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok