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Further bull flattening since the cash open

BUNDS
  • Bund continues to hover close to next immediate resistance 174.28 0.764 projof the May 19 - Jun 11 - Jun 22 price swing.
  • We printed 174.27 high yesterday.. and we just managed to tick to 174.31 today
  • Watch Tnotes also as they print above yesterday's high.
  • German 2s/10s is just off yesterday's low at 36.568, with next support in the curve at 36.334.
  • Focus for today, on the Data front sees US IKC, but early focus for Europe turns to ECB strategy review results at 12.00BST, followed by ECB President Lagarde, V-P De Guindos presser at 13.30BST.
  • SUPPLIES: Ireland 5, 10 and 15yr
  • On a side note, U.K. travel secretary reveals new travel rules at 11.00BST

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