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Supply, speakers and BoE

BUNDS
  • Another 93 ticks range for Bund, and the contract remains at the upper end of yesterday's range.
  • Initial resistance will be seen at 145.58.
  • Looking at Estoxx (VGM2, still front Month), it failed to closed last Friday's gap, up to 3598.00.
  • There's no market moving data for the session, Italian CPI will be final reading.
  • ALL EYES will be on the BoE, although a 25bps hike is widely expected.
  • SUPPLY; Early focus will be on heavy supply, with Spain 2027, 2030, 2037, and France 2025, 2028s, and 2029.
  • SPEAKERS: Another packed day for ECB speakers, with Visco, Villeroy, Panetta, Guindos, Knot, Centeno, de Cos, and Makhlouf.

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