EMISSIONS: Alternative Marine Fuels Set To Accelerate After 2030

Bund futures stabilised in front of intermediate support at last Monday’s low (129.50) before recovering to ~129.70 in recent trade. 

• Macro headline flow has been light over the last couple of hours, with recent social media posts from U.S. President Trump focused on combating crime and the implementation of tariffs, providing little new for markets to trade off.
• German yields are essentially unchanged across the curve.
• EGB spreads to Bunds are flat on the day.

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(MNI) London – All timings are subject to change.

Monday 11 August:

• EU-Ukraine: An emergency videoconference of EU foreign ministers has been convened by High Representative for Foreign Affairs and Security Policy Kaja Kallas to discuss the upcoming meeting between US President Donald Trump and Russian President Vladimir Putin (see entry below). EU leaders have sought to convince Trump to invite Ukrainian President Volodymyr Zelenskyy to the Alaska summit, but to no avail so far. Foreign ministers will also discuss the situation in the Middle East, with a focus on the situation in Gaza. Due to start at 16:00CET (10:00ET, 15:00BST).

Tesoro Publico has announced it will be looking to sell a combined E2.0-3.0bln of the following at its auction tomorrow, August 12:

• the 3-month Nov 7, 2025 letras
• the 9-month May 8, 2026 letras