GILTS: Opening calls

Mar-25 07:52
  • Gilt calls, range of 120.96/121.03, mid at circa 121.00.
  • Bund was touch lower around 159.18

Historical bullets

GILTS: Early opening call

Feb-23 07:49

Early Gilt call, down 10 to 120.67

USD: Broad base selling on the EU open

Feb-23 07:40
  • USD was mostly in the red throughout the overnight session, with the Kiwi leading versus the Greenback after the expected delivered hike by the RNBZ, but helped by a more Hawkish meeting.
  • The NZDUSD printed highest level in a Month (since 20th Jan), but the pair is off its high.
  • Further upside traction, opens to 0.6793, followed by the more important 0.6805/0.6812 area.
  • USD is seeing some selling hitting versus the EUR, GBP, CAD, CNH, CNY, AUD, NOK and SEK, albeit all in a few pips,

BUNDS: Closed the small opening gap

Feb-23 07:27
  • Bund consolidate some of yesterday's sell off after the contract fell a big 201 ticks from yesterday's high.
  • Support noted at 165.14 has held for now, printed 165.16 low yesterday.
  • The contract has close the small overnight opening gap, up to 165.88.
  • Russia remains at the forefront near term, although longer term outlook for Bonds are still to the downside.
  • Yesterday: "Putin recognizes separatist claims to Ukraine’s entire Donbass region".
  • There is no tier 1 data for the session, EU CPI will be final reading, and nothing of note out of the US.
  • SUPPLIES: Italy 2023 EU3bn (Equates 4.7k BTP), and German 15yr EU1.5bn (Equates to 13.5k Bund).
  • Both supplies will have very little hedging impacts.
  • SPEAKERS: Plenty of speakers are scheduled, with ECB Villeroy, Guindos, de Cos, BoE Bailey, Tenreyro, and Fed Daly