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Growth and supply in focus

BUNDS
  • Bund has seen some small downside continuation overnight, but short of yesterday's low, with the 1% Yield holding yesterday.
  • The contract printed a 152.99 low, with a 1.013% high yesterday.
  • Govies are taken their cue from some of the pullback in Risk, but Estoxx has so far failed to break above Friday's high at 3703.00, printed 3699.00 high so far today.
  • Attention this morning turns to the EU GDP and heavy German supply. Out of the US sees Retail Sales and IP as the notable data.
  • SUPPLY: German EU6bn Schatz (Equates to 61.6k Schatz), should weigh into the bidding deadline.
  • SPEAKERS: ECB Lagarde, Centeno, BoE Cunliffe, Fed Powell, Bullard, Harker, Kashkari, Mester and Evans.

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