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Focus turns to speakers

BUNDS
  • Bund traded in a tight 14 ticks range overnight (137.04/137.28), ahead of the UK CPI.
  • The contract has now dropped over 50 ticks post the 1 tenth UK CPI beat.
  • Small support moves up to 136.58, while resistance is at the small overnight opening gap, up to 137.35.
  • There's not tier 1 data left for the session, besides EU CPI, but this will be final reading.
  • SUPPLY: UK £3.25bn 10yr Gilt (Equates to 18.5k Gilt), US sells $12bn 29yr reopening.
  • SPEAKERS: Focus on the BoE. Today includes, ECB Villeroy, Centeno, Visco, BoE Cunliffe, Mann, {us} Fed Kashkari, Evans, Bullard.

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