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Focus turns to PMIs

BUNDS
  • A tight 16 ticks range for Bund overnight, 19 ticks post Cash open as investors gear up for PMIs day.
  • Technical are unchanged, with support at 130.24, followed by 129.94.
  • Small resistance moves down to 130.88, followed by the 131.45 area.
  • Today sees, prelim PMIs for France, Germany, EU, UK and the US. US IJC is also due this afternoon.
  • ECB will release Euro area indicator of Negotiated Wage.
  • SUPPLY: US sells $16bn of 10y TIPS reopening.
  • SPEAKERS: BoE Pill, ECB Villeroy, Fed Bostic.

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