Bunds: maintaining recovery momentum after Monday’s sell-off

Another relatively indecisive start for the 10 year German debt future, but holding firmly above yesterday’s lows after a flattish open and dip within tight 164.72-57 confines around the previous 164.66 settlement. However, Bunds still look vulnerable to further retracement from post-ECB peaks and will be looking for more fundamental impetus from the latest ZEW survey to see whether economic sentiment has recovered or at least stabilised. Also ahead, a couple of ECB speakers, but hard to see any material change or new policy guidance so soon after last Wednesday’s meeting and press conference.

16 Apr 2019 - 07:57- - Source: RANsquawk

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