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Attention turns to US Wholesales

BONDS
  • Another low trading start session for Tnotes, this is the lowest volume since the 19th May for TYU3.
  • Next stop, notable data with US Wholesales at the bottom of the hour.
  • Govies have ticked higher, Bund some 74 ticks, but in the past 3 hours, a slow grind.
  • TYU3 is still short of Yesterday's best levels, printed at 113.13 now at 113.00.
  • Looking at Tomorrow, German Regional/National CPI, Spain prelim CPI, US 3rd reading GDP/Core PCE, and the weekly IJC will be the data of note.

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