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ALL EYES on the Fed and ECB

BUNDS
  • Another decent overnight session for Govies in terms of range and volumes.
  • Bund is off the lows, but Yield remains at multi year high, as it tested the 1.75% area overnight.
  • European Data sees, French final CPI and EU IP.
  • Out of the US sees Retail Sales.
  • ALL EYES are on the Fed and presser, and the latest for the ECB: “The Governing Council will have an ad-hoc meeting on Wednesday to discuss current market conditions”. Attributed to an ECB Spokesperson.
  • Will be interesting to see how this is done in terms of timing, with 8 ECB speakers scheduled for today.
  • SPEAKERS: ECB Holzmann, Nagel, Muller, de Cos, Panetta, Knot, Centeno, and Lagarde.

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