German fixed income futures stuck to tight....>

BUNDS: German fixed income futures stuck to tight ranges overnight, ticking

higher on low volume.

- Schatz +0.005, Bobls +0.030, Bunds +0.06.

- Bund price action was limited on Tuesday, while peripheral yields narrowed,

aided by the smooth digestion of the latest 15-Year Spanish syndication, while

BTP outperformance continued. The latest Schatz auction was easily absorbed,

while reports alluded to the potential for Greece to come to market next month.

- Tuesday drew comments from ECB's Lane, who noted that "it's nowhere near the

case that the ECB has hit all limits" re: policy options and the Bank will

remain effective despite "limited" downside revisions to the economic outlook.

- EZ confidence metrics will hit today, with ECB's Coeure & Weidmann due to

speak. Germany will come to market with 10-Year paper later today, while

participants will also eye the results of the latest round of Italian sovereign

supply.