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Focus turn to the US CPI this week

BUNDS
  • A quiet overnight session across the board for Govies, most notable movers have been equities, giving back Friday's gains overnight and since the cash Govie open.
  • Estoxx future is trading below Friday's low, while Govies sees small buying interest, after falling last Friday, following the US NFP beat.
  • There's no tier 1 data to start the week, with ALL EYES on the US CPI this week.
  • NOTABLE DATA for this week: German, French, Spanish CPIs (wed) are final readings, US CPI (wed), Sweden CPI (Thur), US PPI (Thur), Chinese GDP (Fri), US prelim Michigan (Fri).
  • SUPPLY: US $43bn 3yr notes.
  • SPEAKERS: BOE's Bailey testifies on financial stability, ECB Nagel and Fed Williams.

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