A decent session for Bund, with another 60 ticks overnight, but this time, sees better liquidity with 20k lot traded pre cash open.
The contract has been help by the unwind continuation from US Treasuries, which has seen, some overnight traction, following the BOJ increasing the amount of purchases in maturities covering 3 to 10yr.
Bund has a small downside opening gap, to 157.39, while the 5yr Bobl still lack and trade circa its closing level in early European trade.
A busier day for data, with {sp} Spain CPI, will be watched by Cash desks, German Regional and National CPI, Italy PPI, and out of the US, the ADP release, and 3rd reading for the GDP.
SUPPLY: Italy EU3bn 2027 and EU3.5bn 2032 (this equate to combined ~37k BTP), should weigh into the bidding deadline.
SPEAKERS: ECB Lagarde, Kazimir, Holzmann, Wunsch, Makhlouf, Panetta, BoE Broadbent, Fed Barkin and George

Homepage Bullet Markets Fixed Income News Foreign Exchange News

Fabrice Ben Hassine

Homepage Bullet Markets Fixed Income News Foreign Exchange News

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