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A busy day ahead

BUNDS
  • A busy day for data today, including the awaited EU CPI, ahead of the ECB tomorrow.
  • Resistance in Bund moves down to 137.54, while support will be seen at 136.67, followed by 136.38.
  • Today sees, SP/NO/CA mfg PMIs, and final mfg for FR/GE/EU/UK/US.
  • Italy and EU prelim CPIs, and US ADP/ISM/JOLTS.
  • US FOMC and presser with an expected 25bps hike to 4.75%.
  • SUPPLY: UK £3bn 10yr (equates to 23.8k Gilt), German EU 5bn Bund (equates to 37.5k Bund).

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