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German FI has been listless. Schatz unch.,....>

BUNDS
BUNDS: German FI has been listless. Schatz unch., Bobls -3.0 ticks, Bunds -2
ticks.
- As a reminder, yesterday saw the European Commission cut its growth forecasts
for the bloc and substantially downgrade its 2019 growth projection for Germany
to 0.5% from 1.1%, further compounding the gloomy narrative around global trade
and the impact on the euro area.
- Italian fiscal issues continue to create worry after Italian Deputy PM Salvini
suggested that taxes should be cut, even if this causes a breach of the EU's
deficit-GDP limit of 3% late on Tuesday.
- Focus today moves to an address from ECB's Draghi, and German 5-Year supply.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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