Free Trial

Yesterday's low holds

BUNDS
  • Bund is off the lows, after some of the moves lower were helped by the underperformance in BTP futures (on medium term growth outlook concerns).
  • German newspaper Handelsblatt, also reported that the German Government expects 7% inflation 2023, and although a drop from the 8% seen in 2022, this is still elevated.
  • The German 10yr Yield made another decade high, after future tested yesterday's low and initial support at 135.83 (did print 135.81 low).
  • The early Schatz Auction kept the lid in Govie future on delta hedging.
  • There's also plenty of Corp Issuance for today, and non swapped deal will weigh into respective duration at pricing.

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.