Forex News: European government bonds maintain their upward drift Wednesday as investors continue to shy away from equity markets due to lingering fears over banking stocks. Attention turns to the release of US June CPI data, seen at +0.7%, versus +0.6% in May. Core CPI seen holding steady at +0.2% (1230 GMT). US June industrial production data also on tap, seen up 0.2% after a 0.2% decline previously (1315 GMT). September bunds are currently up 0.28 at 112.70. The 10-year bund is up 0.43 at 99.23 to yield 4.345%.
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