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A packed data day ahead

BUNDS
  • Bund remains underpinned, following the German Regional NRW CPI 1 tenth miss vs last.
  • Risk will be tilted to the upside, as desks look for the inflation to ease ahead of a packed data day for Europe and some notable releases for the US this afternoon.
  • Month end could also be at play later, although it is average for the EU and the US, but Huge for the UK.
  • Resistance for the contract moves down 134.96, while support is still at 133.54/133.44 gap, followed by Monday's low at 133.28.
  • Today sees, French prelim GDP/CPI, Spain prelim GDP/CPI, German prelim GDP, Regional/National CPI, Italian prelim GDP, Portugal prelim GDP/CPI, EC advance GDP, US PCE core deflator, MNI Chic PMI, final Michigan.
  • SPEAKERS: ECB Lagarde, Villeroy, Villeroy will be first to speak on the schedule.

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