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Looking ahead

BUNDS

A tight open for the Bund, and pretty low volumes since the opening bell.

  • Range is 173.96-174.16.
  • Curve is bear steeper, with 5/30s trending back at Thursday's levels 63.70.
  • Nothing of real note left in terms of 1 tier data for the session.
  • ECB speakers, sees de Giundos this morning and Schnabel later today.
  • RATINGS:
  • Moody's on the EU (current rating: AAA; Outlook Stable) & Spain (current rating: Baa1; Outlook Stable).
  • S&P on Belgium (current rating: AA; Outlook Stable) & Spain (current rating: A; Outlook Stable).
  • DBRS Morningstar on Portugal (current rating: BBB (high), Stable Trend).
  • This weekend: Italian vote in a referendum regarding the size of their Parliament on Sunday

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