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Rolling position into September in focus

BUNDS
  • German curve trades flat in early trading, with the contract underperforming against peripheral on the margin.
  • Semi core trade a touch tighter.
  • Most of the action this week will be on rolling position into September ahead of expiry on the 8th, and ALL EYES on NFP Friday.
  • Focus today will on Global manufacturing PMIs, as well as EU prelim CPI.
  • Speakers include Fed Quarles (at Politico event), Brainard (Eco club of NY) and BoE Bailey (at a Reuters event).
  • SUPPLIES: Just a German linker

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