European Fixed Income Outlook:
European Fixed Income Outlook: The 10-year Bund future opened at 165.01, little changed from the close of 165.04 ahead of the long Easter holiday break. The cash rate moved up 0.8 bp to 0.0299% in catch up trade and versus gains of -1.3 bp and -0.3 bp in Treasury and JGB yields. European stock futures are posting slight gains, in tandem with U.S. futures, after a cautious session in Asia. Energy stocks remained supported as oil prices surged to a six months high, but on the whole investors remain cautious while looking for direction from key earnings reports this week, amid ongoing uncertainty about the outlook for the world economy. The European calendar remains relatively quiet today, but has the advance reading for Eurozone consumer confidence ahead of the German Ifo reading tomorrow, which will be watched carefully for signs on the health of the German economy.