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Some early consolidation

BUNDS
  • Bund found some support just short of the 3% mark in Yield, printed a 2.983% high Yesterday, as desks covered, following one of the busiest and heaviest traded session this year.
  • It's another decent start in terms of volumes post cash open, and small resistance moves down to 128.06 initially.
  • Some will look for support at 127.01, Yesterday's low, but better will be seen circa 126.88, equated to 3% Yesterday.
  • Today sees French, Italy, Portugal, EU prelim CPIs. And out of the US, PCE core deflator, MNI Chicago PMI, and final Michigan.
  • SPEAKERS: ECB Lagarde, Vasle, Kazaks, Visco, Fed Williams.

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