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Speakers take center stage today

BUNDS
Bund remains in a tight range since the cash open (177.13-177.24).
  • BTP corrects higher, but still some ways from the January sell off.
  • In turn BTP spread trades 1.4bps tighter, albeit within tight ranges.
  • German curve trades flat.
  • Nothing of real note on the data front, besides the German IFO for today.
  • More attention on a slew of speakers schedule for today. Including Lagarde, Panetta, Lane, Elderson, Weidmann.
  • Technically, although a lighter supply week, upside in Bund may be limited in the early part of the week on delta hedging, ahead of Month End Friday.

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