0713 GMT - German Bunds may struggle initially as markets digest heavy bond issuance from eurozone peers Spain and France, say Commerzbank Research's Hauke Siemssen and Erik Liem. However, the Bank of England's anticipated interest-rate cut and below-consensus U.S. ISM data should keep the overall bond-positive sentiment intact, the rates strategists say. "Overall, we expect today's duration heavy supply to weigh on markets in the morning but relief should be in store once the auctions have been absorbed," they say. France will auction 11 billion euros-13 billion euros in long-dated bonds, while Spain will sell 5.75 billion euros-7.25 billion euros in bonds across short- to ultra-long maturities, as well as in an inflation-linked bond. The 10-year Bund rises 1.5 basis points to 2.373%, according to LSEG data. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 02:13 ET (07:13 GMT)
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