German fixed income futures trade unchanged...>

BUNDS: German fixed income futures trade unchanged to lower at writing. Schatz

unch., Bobl, -5.0 ticks, Bunds -19 ticks.

- Comments from ECB's Coeure in FAZ have been run by the broader wires. Coeure

noted that banks should focus on costs, as negative interest rates aren't their

biggest problem. Elsewhere, Coeure noted that he doesn't see any reason for

interest rate tiering at present, though he stressed this needs to be closely

monitored.

- Brexit matters will likely provide the headline risk for the European region

today. On the issuance front, Germany will bring 2029 Bunds to market on

Wednesday. Broader cash flows will be in focus during the week, with large

redemptions and coupons due out of France.