Tya. Rather a large spike overnight to 127.115 overnight has been given back so we are are 1 tick higher than at Eurex close.
So I expect bunds to open unchanged, momentum to the upside. Minor supprt 139.91 main at 72. Major resistence around 140.46ish but I expect any upside push to pause for breath around 140.25 first.
€ Curve, looks like steepening will continue at the mo.
€ teds Bobl appears rather strong at the mo. I still feel comfortable buying dips in teds...I guess it all depends what pack of bor you use versus what bond. Might consider going further out to the 16s if bond strength coninues. (I see no reason for it not to)
Minor league data this am...
Good luck
Lee
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