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Little in the way of activity for German......>

BUNDS
BUNDS: Little in the way of activity for German fixed income futures in early
trade this week, with the major contracts operating around unchanged levels as
European traders start filing in.
- Schatz unch., Bobls unch., Bunds +0.06.
- Bild circulated what it claimed to be an internal German government document
over the weekend, with the document noting that Germany faces a EUR 25bn budget
shortfall by 2023, unless it tightens spending.
- There were no notable Brexit developments over the weekend.
- Looking at the German docket this week, industrial production data provides
the highlight when it hits Thursday, with final German/EZ services & composite
PMIs due Tuesday, factory orders due Wednesday and trade balance due Friday.
Also worth noting that ECB's Mersch & Costa are both due to speak on Monday.
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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