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MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

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Wider Swings In Core Bonds Dominate, Peripheral Plays & German Fiscal Matters Also Eyed

BUNDS
HomepageBond Market NewsBulletMarketsFixed Income News

Bund futures found a bit of a base ahead of initial technical support at the November 15 low (130.36), printing as low as 130.47 before recovering to 130.75 or so at typing, -30 on the day.

  • Wider swings in core global FI sentiment have been at the fore for German paper today, with participants continuing to assess the fiscal impact of last week’s well-documented German court ruling on COVID-related spending in the background.
  • Peripheral narrower plays after Moody’s updated both Portugal’s and Italy’s sovereign credit ratings may also be factoring in.
  • Initial technical boundaries in the contract remain untouched, with a range of 130.47-131.00 seen thus far.
  • German cash yields are 1.5-2.5bp higher on the day, with some light bear flattening seen on the curve.
  • 2s10s and 5s30s stick to familiar ranges.
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Bund futures found a bit of a base ahead of initial technical support at the November 15 low (130.36), printing as low as 130.47 before recovering to 130.75 or so at typing, -30 on the day.

  • Wider swings in core global FI sentiment have been at the fore for German paper today, with participants continuing to assess the fiscal impact of last week’s well-documented German court ruling on COVID-related spending in the background.
  • Peripheral narrower plays after Moody’s updated both Portugal’s and Italy’s sovereign credit ratings may also be factoring in.
  • Initial technical boundaries in the contract remain untouched, with a range of 130.47-131.00 seen thus far.
  • German cash yields are 1.5-2.5bp higher on the day, with some light bear flattening seen on the curve.
  • 2s10s and 5s30s stick to familiar ranges.