German FI futures have followed Tsys lower....>

BUNDS: German FI futures have followed Tsys lower overnight. Schatz -1.5 ticks,

Bobls -8.0 ticks, Bunds -22 ticks.

- A combination of less dovish Fedspeak and technical resistance in Bunds

(briefly breached, resulting in a fresh contract high) capped German FI's gains

on Tuesday, after broader risk-off flows underpinned for a chunk of the session,

allowing a swathe of benchmark EGB yields to register fresh all-time lows on the

day as semi-core outperformed core, though Austria underperformed after it

mandated banks for a possible fresh round of 100-Year bond issuance. ECB's

Coeure refrained from touching on monetary policy late Tuesday.

- On the issuance front, yesterday's Schatz auction was weak.

- German & French consumer confidence and an address from ECB's Mersch provide

the highlights today, although the topic of Mersch's opening remarks is "The new

challenges raised by investment arbitration for the EU legal order," so

potential for nothing at all on the MonPol front. Eyes also on any further

details surrounding the aforementioned 100-Year issuance out of Austria.