BUNDS: Big German PPI beat keeps Govies offered on the cash open.
Last updated at:Sep-20 06:28By: Fabrice Ben Hassine
Bond Market News+ 3
- Bund came under instant pressure following the big German PPI beat, Bund fell close to 30 ticks on the release, and the contract remains above 1.8% in Yield.
- Immediate support comes at 142.15, last week's low and lowest print since mid June.
- Resistance moves down to 142.91 initially.
- There's no tier 1 data left for the session in Europe, nor the US.
- SUPPLY: US sells $12bn 20yr reopening.
- SYNDICATION: ESM 2025, Spain 20yr Benchmark.
- SPEAKERS: ECB Lagarde and Muller