- European government bonds closed higher in yesterdayâs session as investors moved back into the safety of bonds upon the circulation of rumors of further problems in the sub-prime mortgage market. - With no major economic released in the Euro-Area, as well as no new supply, focus is likely to fall upon comments from the ECBâs Trichet due out at 4:00 ET. - Over in the UK gilts closed lower upon stronger than expected inflation data. - With no economic numbers, no speakers, and no new supply, focus in todayâs session will fall solely upon the Bank of England minutes from the March 8 policy setting meeting. Minutes are due to be released at 5:30 ET. - Additional focus will fall upon the FOMCâs interest rate announcement, due at 14:15 ET. The FOMC is expected to leave interest rates unchanged at 5.25%.