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Trading at Yesterday's upper range

BUNDS
  • Bund sits near Yesterday's high, with US Treasuries in the driving seat this week, following US ISM services and price paid coming below estimates Yesterday.
  • Next resistance in Bund is still at 132.95, followed by 133.24 (gap).
  • Supports are unchanged, at 131.87, followed by 131.54.
  • European services PMIs are due, but will be final reading for France, Germany, EU and UK.
  • UK DMP CPI expectation is also due, as well as ECB accounts of the March meeting.
  • Out of the US, IJC is the only notable data, with the main focus on NFP/AHE Tomorrow.
  • SUPPLY: Spain 2028, 2029, 2034, 2039, plus 2039 linker, France 10s, 15s, 30s, 40s, UK £3.75bn 10yr (equates to 33.8k Gilt) could weigh, Finland 2032, 2042, won't impact Bund.
  • SPEAKERS: Fed Harker, Goolsbee, Kashkari (non voters), Barkin, Mester (voters).

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