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US PPI the focus for today

BUNDS
  • Bund trades pretty much where it was pre US CPI data, was circa 152.74.
  • Another very illiquid session, with 8k lots traded pre cash open and a 74 ticks range.
  • Notable volume has been in the front end 2yr Schatz.
  • Small support in Bund moves up to 152.14, while resistance will be seen at yesterday's high, at 153.17 initially.
  • There's no tier 1 data out of Europe, and focus will be on the US PPI, ahead of the Prelim Michigan tomorrow.
  • European Commission publishes Summer Economic forecasts.
  • SPEAKERS: ECB Centeno, and Fed Waller

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