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Steady on the cash open

BUNDS

Bund is ticking lower since the cash open, but in a tight 20 ticks range (169.62-169.82).

  • Early small action is in Estoxx, with VGM1 looking to close the opening gap down to 4039, now at 4047.
  • Some attention this morning on the {fr} French CPI, while GDP will be final reading.
  • And a few data across the pond, including Wholesale Inventories and Chicago PMI.
  • Michigan sentiment is final reading, unlikely to be a driver.
  • SUPPLIES: Italy 2026 EU3bn and 2031 3.5bn (equates to combined 27.3k BTP), also EU2bn 2026, but FRN

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