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Day ahead

BUNDS

Bund trades where we left off yesterday, on the 172.00 handle, near the figure.

  • Risk on remains, following most Fed speakers noting that US inflation is temporary, cheaper money for longer.
  • Mini S&P hover at new all time record high, while Estoxx futures (VGU1) trend at highest level this week, but still short of the FOMC high situated at 4153.
  • German and US curve (5/30s) lean bear flatter since the Bund cash open.
  • Very little in terms of data as we close out the week.
  • Today sees Italian Consumer and manufacturing confidence US Personal spending/income, and final Michigan.
  • SPEAKERS: Today includes, ECB de Cos, Fed Kashkari, Mester, Rosengren and Williams

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