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Supply and data in focus

BUNDS
  • Few clip sellers on the cash open for Bund, and the contract hovers near Friday's and yesterday's low.
  • Support remains at 137.97 ahead of a pack week for data and speakers.
  • Resistance is at 139.24, did print a 139.26 high yesterday.
  • Today sees, French and Spanish CPI, but final reading for the two countries.
  • There'll be more focus on the German ZEW and EU Prelim GDP this morning.
  • Attention for the US is on the PPI, but the latter hasn't been a market mover of late.
  • SUPPLY: German EU4bn 7yr (equates 21.7k Bund), UK £3.25bn 2032, £2.25bn 2046 (equates to combined 49.6k Gilt) should weigh into the bidding deadline).
  • SYNDICATION: EU new 10yr Green bond.
  • SPEAKERS: ECB Villeroy, Elderson, Fed Fed Harker, Cook, Barr.

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