We get the first look at the QE numbers for April, when the increase to €80bn kicked in.
The last two weeks QE results have been on the low side due to the double short trading weeks around Easter.
The prior two weeks saw €8.7bn & €10.3bn bought in PSP's, below the usual €11-13bn. Today we get the first full numbers for April and we may see the new increase in QE kick in. There may be some catch up also from those two lower weeks, and coming in a new month, quarter and financial year, we may see buys take an extra bump up. Certainly ABS's might see a decent jump as they tend to wobble over month end.
The QE numbers aren't really market moving anymore as it's now a day to day affair but we may see some modest moves if the numbers have a big variation. Picking numbers out of the air, I would expect to see something in the region of €14-20bn for a lo-hi range.
There's not much else on the calendar today. Fed's Dudley speaks about community development in New York at 13.25 GMT, and that's it until Fed's Kaplan speaks at a university forum 17.00 GMT
