Monitoring eurozone bond auction results is very much back in vogue.
Today’s offerings:
Germany sells new 10 year 1.75% July 2022 bund
Target amount: Upto 5 bln euros
Results due after 09:30 GMT
Italy plans to issue new 3 month BOT maturing July 16
Target amount 3.0 bln euros
Also plans to issue new 12 month BOT maturing April 12 2013
Target amount 8.0 bln euros
Results due around 10:10 GMT.
EUR/USD has ticked very marginally higher in slow early European trade, presently at 1.3110.
Talk of buy stops through 1.3120 and 1.3145.
EUR/JPY up at 106.10 from 105.80 when I sat down. Talk of buy stops through 106.20 (amended from 106.10, whoops, need more coffee)
