Free Trial

US Treasuries are leading

BUNDS
  • Bund sees the early focus on Treasuries, which are keeping the lid on the Bund into the Cash the Govies open.Higher Gas prices are also limiting any bounces, as Investors brushes aside the lower German PPI.
  • Despite the low liquidity/Volumes, any further downside traction in US Tnotes, will highlight the 109.03+ level.
  • Last week's low, and equated just short of the 4.3354% in Yield term, the October high and the highest print since 2007.
  • For Bund, support moves up to 130.88, followed by 130.40 area.
  • Resistance is at today's high, 131.40.
  • There's no data left for the session, nor speakers to start the week.
  • SUPPLY: Belgium 7s and 10s.

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.