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Supply, US PPI and speakers in focus

BUNDS
  • Bund holds in the green overnight, but remains near its lowest levels in over a Month (since 3rd Jan).
  • Next support at 134.52 (76.4% retracement of the Jan 2-19 bull run), has held overnight and since the cash Govie open.
  • Resistance is seen towards the 135.60 area.
  • There's no tier 1 data out of Europe, with the main focus on the US PPI this afternoon.
  • SUPPLY: Spain 4y, 7y, and 10y, 4s, 5s, and 7s plus linkers. US sells $9bn of 30yr TIPS.
  • SPEAKERS: ECB Panetta, Nagel, Lane, Makhlouf, Stournaras, BoE Pill, Fed Mester, Bullard, Cook.

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