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Services PMIs the early focus

BUNDS
  • A wide overnight session for Bund, but volumes stays below average.
  • A more notable session for US Treasuries, in high Volumes, following the US Bank Holiday yesterday.
  • Bund has a small opening gap up to 149.44, and this will be seen as the initial resistance.
  • Support is the session low 148.72.
  • Today sees Services PMIs, although will be final readings France, Germany, EU, UK, and the US.
  • Other notable releases, sees French IP, and out of the US Factory Orders. Durable Goods will be final reading.
  • SUPPLY: UK £2bn 2051 (Equates to 35.4k Gilt).
  • Austria 2032 and 2038, and German Linkers (won't impact Bund).
  • Bank of England financial stability report, and BoE Tenreyro is the scheduled speaker.

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