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A quiet session for German fixed income.......>

BUNDS
BUNDS: A quiet session for German fixed income futures overnight with roll
activity driving volume during Asia-Pacific hours.
- Schatz unch., Bobls +0.040, Bunds +0.07.
- Bund futures were underpinned on Monday, although the was little in the way of
news flow to support the space in early trade when we saw the initial leg
higher.
- The latest leg higher for futures may point to the formation of a short-term
double top in 10-Year Bund yields.
- Focus today turns to final German/EZ manufacturing & composite PMI data, as
well as Eurozone retail sales and German I/L supply. Elsewhere, participants
will be on the lookout for any further details surrounding Greece's 10-Year
syndication.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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