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Day ahead

BUNDS
  • Small tight and low volume traded session for Bund as well as US Treasuries overnight.
  • The German 10yr is nonetheless still trading near its lowest levels seen since mid March, following more Hawkish comments from Hawkish ECB members, but is finding a small bid post the cash open.
  • As such immediate support is seen at 134.66 while some desk will look at 135.52, yesterday's high for initial resistance, better is seen at 135.71 initially.
  • Early focus will be on France/Spain final CPIs, and on the other side of the Pond, US retail sales, and prelim Michigan.
  • SPEAKERS: Fed Goolsbee, Waller, BoE Tenreyro, ECB Nagel.
  • EQUITY: Earning season really kicks off today, all pre market, Blackrock, Citi, JPM, United Health and Wells Fargo are some of the notable ones.

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