BUNDS: A busy week ahead
Apr-29 06:20
- This is a busy packed week ahead, and a busy start for the Week in Europe with German CPIs.
- Bund trades in a tight range, albeit closer to Friday's upper range, after the contract recovered off the 2024 low Friday.
- Most will look at 130.53 for initial resistance, Friday's high. Above the latter, would see 130.96.
- Small support moves up to 130.03, followed by 129.53, last Week's low, although better will be seen towards the 129.37 area.
- Today sees, Spain prelim CPI, German Regional/National CPIs, and no tier 1 data out of the US.
- SUPPLY: Italy 2029, 2034 (equates combined 61k BTP) should weigh, plus floating 2032 (won't impact BTP). EU 2028 (would equate to 19.7k Bobl), 2033 (would equate to 18.4k Bund).
- SPEAKERS: ECB de Cos, Lane, Guindos.
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MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS
Mar-29 15:26
- MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS
MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%
Mar-29 12:30
- MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%
- US FEB PCE PRICE INDEX +0.3%; +2.5% Y/Y
- US FEB CORE PCE PRICE INDEX +0.3%; +2.8% Y/Y
- US FEB UNROUNDED PCE PRICE INDEX +0.333%; CORE +0.261%
FRANCE AUCTION PREVIEW: On offer next week
Mar-29 10:32
E11.0-12.5bln of LT OATs on Thursday 4 April (a slightly smaller auction than in February or March):
- the 3.50% Nov-33 OAT (ISIN: FR001400L834)
- the 3.25% May-55 OAT (ISIN: FR001400OHF4)
- the 4.00% Apr-60 OAT (ISIN: FR0010870956)
- the 1.75% Jun-39 Green OAT (ISIN: FR0013234333)
Up to E7.2bln of 13/22/24/51-week BTFs on offer Tuesday 2 April:
- E3.1-3.5bln of the new 13-week Jul 3, 2024 BTF
- E0.1-0.5bln of the 22-week Sep 4, 2024 BTF
- E1.3-1.7bln of the 24-week Sep 18, 2024 BTF
- E1.1-1.5bln of the 51-week Mar 26, 2025 BTF
