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Early focus is on Supply

BUNDS
  • A more range bound session for Bund, but the contract remains near multi year high Yield levels overnight.
  • Small resistance moves down to the small gap up to 149.57, followed by 150.07.
  • Support comes at 148.90 (did print a 148.83 low yesterday).
  • There's very little in terms of market moving data, EU GDP will be final reading, as well as US Wholesale inventories.
  • OECD publishes Economic Outlook.
  • SUPPLY; Early focus will be on supply, with German EU4bn Bund (equates to 25k Bund), Portugal EU750mln 10yr (equates to 4k Bund), UK £2.5bn 10yr (equates to 21k Gilt), and US $33bn 10yr notes.
  • SPEAKERS: There's no scheduled speakers.

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