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Focus squarely on Brexit

BUNDS

Bund stays within overnight ranges on the cash open (178.17-178.27), albeit better bid and the curve leans bull flatter.

  • Peripherals spreads are moving tighter, Italy leading at 1.3bp.
  • Focus here, is on the Spanish 10yr yield, now at 0.012%, after printing a record low of 0.002% yesterday.
  • On the data front today, Spanish final CPI and Italian IP are due for release.
  • Speakers sees Holzmann and de Cos
  • ALL EYES remains squarely on Brexit with UK David Frost and Michel Barnier's team continuing talks in Brussels today, ahead of Sunday's new set deadline.

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