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Focus turns to Speakers

BUNDS
  • A light overnight session for Bund, a 72 ticks range with just 5k lots traded pre cash open.
  • Support will be seen at yesterday's low 146.03, while resistance moves down to 147.27.
  • ALL EYES will be on ECB speakers today, following the poor set of data of late.
  • There's very little in terms of market moving data out of Europe, French Consumer Confidence is the only notable one.
  • More focus on US Wholesale Inventories.
  • SUPPLY: German EU4bn Bobl (Equates to 34.9k Bobl), should weigh into the bidding deadline. UK £1bn 2031 linker (won't impact Gilt), and US $40bn 7yr notes.
  • SPEAKERS: Focus is on speakers, with ECB Lagarde, Elderson, Panetta, and Fed Daly.

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