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Reporting on key macro data at the time of release.
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BUNDS: German fixed income futures have drawn some support from modest risk-off
flows observed thus far, with a focus on the global trade backdrop, with the
contracts trading at/near best levels. Schatz +0.015, Bobls +0.060, Bunds +0.17.
- Guarded commentary from ECB's Draghi, Nowotny, Mersch & Villeroy has been
evident over the last 36 hours or so, although the speakers have all batted away
any talk of EZ recession after highlighting the risks that the single currency
zone currently faces.
- ECB's Lautenschlaeger is due to speak later today.