Bunds open the session in negative territory as Asian equity markets climb ahead of the informal EU summit on Wednesday. "Growing hopes for ECB easing and a growth compact could temporarily cap the Bund future rally close to 144," note analysts at Commerzbank. Ahead, the Netherlands auctions up to EUR3.5 billion of DSL 2015s, which should place comfortably. The coupon for the upcoming Schatz auction is announced with every chance of a 0% coupon, which highlights the current stresses within the euro zone. The data calendar is relatively light. The June Bund is 0.26 lower at 143.31 and the 10-year cash yields 1.461%.
Monday, 21 May 2012
The June Bund is 0.26 lower at 143.31 and the 10-year cash yields 1.461%.
Bunds open the session in negative territory as Asian equity markets climb ahead of the informal EU summit on Wednesday. "Growing hopes for ECB easing and a growth compact could temporarily cap the Bund future rally close to 144," note analysts at Commerzbank. Ahead, the Netherlands auctions up to EUR3.5 billion of DSL 2015s, which should place comfortably. The coupon for the upcoming Schatz auction is announced with every chance of a 0% coupon, which highlights the current stresses within the euro zone. The data calendar is relatively light. The June Bund is 0.26 lower at 143.31 and the 10-year cash yields 1.461%.
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