TREASURIES UPDATE

Bunds will remain fairly calm in for the day until the U.S GDP data is released 14:30 this afternoon CET.

Euro Bund could be moving down from 118,66 with target 118,16 stops at 118,90

Other market movers than data would be central bank speakers, including ECB's Tumpel-Gugerell, Gonzalez-Paramo, Weber and Philadelpia Federal Reserve President Plosser.

Anything else than fresh hawkish comments from the ECB speakers would be a surprise and supporting the idea of remaining short in the European treasuries.