Bund: Very little on the Data front this......>

BUNDS: Bund: Very little on the Data front this week for Europe, with the

majority being final readings. On the supply front, the Netherlands,

Germany, Portugal, Ireland, and Italy come to market this week, selling E11.9bln

vs E17.7bln last week.

*ALL EYES of course on ECB, with plenty of different scenarios floating around.

Cut size, Tiering, LTROs, QE, etc. (we'll release our preview in the next day or

so).

-Technically, the contract should stay elevated ahead of the ECB. Would not

suspect much in term of Issuance hedging this week, with all investors awaiting

Mr Draghi.

Resistance is seen at 175.41 (traded 175.34 high 06/09). Above the latter, would

open towards that 175.76-175.89 gap. Further out, opens to 176.28 initially.

Note 176.28 = -0.70% yld. 

Support is at 174.96, 174.78, and 174.38 below initially.