- European government bonds closed lower in yesterdayâs session as stock markets rebounded around the world. - German Finance Minister Steinbrueck said yesterday that he sees a high probability of stronger German growth, noting that the European economy is âvery goodâ. - The ECBâs Liebscher reiterated yesterday that the ECB has not pre-commitment on interest rates. Liebscher said that the ECB will do what is necessary to tame price pressures. - In focus today will be the release of German producer prices for the month of February. Producer prices are expected to rise to 0.3% m/m from 0.0% in January, however, producer prices are expected to fall to 2.8% in February from 3.2% in January. Producer prices are due out at 3:00 ET. Additional focus will fall on comments from the ECBâs Liikanen who is scheduled to speak at 5:00 ET. - Similarly in the UK, gilts closed lower in yesterdayâs session following developments elsewhere as stock markets rebounded. - In focus today will be the release of CPI and RPI data for the month of February, as well as preliminary M4 money supply, both of which are due out at 5:30 ET.