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Speakers and FOMC minutes at the forefront

BUNDS
  • A very light overnight session for Bund with just over 5k lots traded and a tight 20 ticks range.
  • The contract is underpinned on the cash open, as Equity futures fade, and through the overnight high, now at 153.77.
  • Resistance will be seen at 154.00, while support comes circa 153.16.
  • Very little in terms of data out of Europe,
  • French Consumer Confidence and Spanish PPI are the only releases. Out of the US, Prelim Durable goods is the notable data.
  • But more attention on the FOMC minutes.
  • SUPPLY: German EU2bn 15y (equates to 21.5k Bund), $48bn 5y and 2y $22bn FRN.
  • SYNDICATION: France benchmark 15yr Green Linker, and Finland EU3bn WNG 10y.
  • SPEAKERS; All the attention will be on speakers with a packed day ahead, ECB Lagarde, Rehn, Panetta, Holzmann, de Cos, Lane, Knot, BoE Tenreyro, Fed Brainard.

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