The morning preview from Livesquawk's head of fixed income James Hirai
Markets are trading risk on after less than dovish RBA minutes overnight and a Telegraph/ORB poll showed 55% were in favour of remain and 40% for leave.
Bunds have come under some pressure since the open, underperforming USTs by 1bp, while we wait for Gilts to open - Gilt futures are called to open 20 ticks lower.
Data focus is on UK CPI (consensus lower) and US CPI (consensus higher).
Speakers are ECB's Praet at 09:00BST, Fed's Williams & Lockhart at 17:00BST and Fed's Kaplan at 18:15BST. Also keep an eye out for the Dell multitranche USD deal which should price today. Order books are ~$60bn with $16-20bn expected to be sold. It's not expected to be swapped, but it could have already been rate locked
