A light data calendar should leave focus on the ECB QE and on Greece today.
QE action should continue to support Bunds, offering offer tailwind to the US-Bund spread.
Unicredit notes in a report on Tuesday:
- While yields in the periphery fell yesterday, they lagged Bunds leading to spread widening.
- Upcoming supply on Thursday and renewed tensions on Greece are likely two factors weighing on the performance.
