Brought to you by Livesquawk's Fixed Income specialist James Hirai
US Fixed Income was well supported in Asia as equities took a hit on a firmer JPY, which had a knock on effect with Bunds opening a touch higher despite a stronger German Q1 GDP print.
There's still some focus on Fed's Yellen's comments last night that she wouldn't rule out negative rates in a very adverse case as well as more hawkish comments from Fed's Mester, George and Rosengren (who has been considered a dove until recently).
There isn't any major European Data/speaker scheduled for the remainder of the day, so expect Bunds to take their cue from Equities, commodities and FX (EURUSD just broke below yesterday's session lows).
In Gilts, focus will be on the text release of MPC's Haldane speech from last night at 10:00BST and Weale's speech in Liverpool at 13:30BST.
Looking to the US, there's a slew of data at 13:30BST and then Uni of Michigan at 15:00BST, which will be watched for any signs of improvement to see whether a June Fed hike could be back on the table (consensus is for improvements).
