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A busier day ahead

BUNDS
  • The German Bund saw a small gap lower on the open, unwinding some of Yesterday's afternoon late bid, with some suggestion of potential Month End flow going into the later part of the European session Yesterday, with a clear pick up in volumes, in otherwise a more subdued traded session.
  • Month End and safer haven flow could be supportive ahead of a longer Easter weekend into the later part of the session.
  • All the markets will be closed, while the US will be open on Monday.
  • Resistance in Bund is at 133.36 (gap), but next area of interest will be at 134.00, equated to the March low in Yield Yesterday.
  • Supports are at 132.85, 132.52, 132.25.
  • It's a slightly busier session on the data front, today includes, Italy consumer confidence, Portugal prelim CPI, US 3rd reading GDP, US IJC, MNI Chicago PMI, and final Michigan.
  • SPEAKERS: {eu} ECB Panetta, Villeroy.

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