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Focus turns to speakers today

BUNDS
  • Very little change for Bund with the contract extending small lows, to trade at its lowest level for the week.
  • Immediate small support is at 133.88, followed by 133.51.
  • The main resistance at 134.95 has held, although it did print a 135.00 high Yesterday.
  • Today includes, French Consumer Confidence, Italy prelim CPI, US prelim Wholesale Inventories.
  • SUPPLY: UK £2.75bn 2038 (Equates to 25.9k Gilt), could weigh, US sells $35bn of 7yr notes, and $22bn 2yr FRN reopening, the latter won't impact Treasuries.
  • SPEAKERS: On the margin, focus will be on speakers today, with ECB Lagarde, Villeroy, BoE Pill, Bailey, BoJ Ueda, Fed Powell. SNB Maechler.

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