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Inflation concerns continue to push yields higher


- 05:20 (EU) Daily ECB Liquidity Stats.
- 05:30 (ZA) South Africa Mar Total Mining Production M/M: -1.8%e v +3.8% prior; Y/Y: 17.3%e v 0.8% prior; Gold Production Y/Y: No est v -8.7% prior; Platinum Production Y/Y: No est v
-0.9% prior.
- 05:50 (HU) Hungary Central Bank One-Week Deposit Rate Tender.
- 06:00 (IL) Israel Apr Trade Balance: No est v -$3.0B prior.
- 06:00 (IE) Ireland Apr CPI M/M: No est v 0.8% prior; Y/Y: No est v 0.0% prior.
- 06:00 (IE) Ireland Apr CPI EU Harmonized M/M: No est v 0.9% prior; Y/Y: No est v 0.1% prior. ....

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Economic data picture continues to be constructive


- 05:20 (EU) Daily ECB Liquidity Stats.
- 05:30 (DE) Germany to sell combined €6.0B in 3-month and 9-month Bubills.
- Sells €B vs. €3.0B indicated in 3-month BuBills; Avg Yield: % v -0.6372% prior; Bid-to-cover: x v 2.07x prior (Apr 6th 2021).
- Sells €B vs. €3.0B indicated in 9-month BuBills; Avg Yield: % v -0.6472% prior; Bid-to-cover: x v 1.55x prior (Apr 6th 2021).
- 05:30 (NL) Netherlands Debt Agency (DSTA) to sell €2.0-4.0B in 3-month and 6-month bills.
- 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays).
Bonds
- 06:00 (IL) Israel to sell bonds.
- 06:00 (RO) Romania to sell Bonds; Avg Yield: % v % prior; bid-to-cover: x v x prior. ....

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