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Day ahead

BUNDS

A steady cash open for Bund, with most of the early action in FX, broad base USD buying, with no spillovers across assets.

  • German 5/30s is flat, and the future contract trades at yesterday's mid range (yesterday's range 171.60-172.12)
  • Remaining data for the morning session, will be the French IP, but unlikely to provide much action, with the street squarely focused on risk events, Covid spikes, potential lockdowns and vaccinations roll out pace.
  • On the other side of the pond, US PPI is the only notable data, as Wholesale Inventories will be final reading.
  • Speakers: ECB de Giundos, Riksbank's Ingves and Breman at IMF, and Fed Kaplan

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