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Underpinned with lower Equities

BUNDS

Bund are better bid in early trading, taking its cue from the better Equity future selling, a continuation from the overnight session, following a pretty poor US debate.

  • Today sees French, Portugal and Italian CPI, German unemployment.
  • On the speaker front, ECB Lagarde, Kazimir and Lane are scheduled.
  • In term of supplies, Germany sells EU4bn of 5yr (Equates 32k Bobl or 13.4k Bunds)
  • Curve and peripheral spread are flat in early trading.

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