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Italian supply the early focus

BUNDS
  • Very little changed for Bund, with the contract finding a near top ahead of the 1% mark in Yield last week.
  • Similar price action for the US 10yr and the 3% mark, after it failed to breached twice there last week.
  • There is no tier 1 data out of Europe, and the notable release out of the US will be the prelim Durable goods.
  • SUPPLY: Italy EU2.75bn 2023 (Equates to 20.8k), plus 2026 linker.
  • SPEAKERS: ECB de Cos, Villeroy.
  • EARNING: Season continues, and today include UPS, Pepsi, GE, ADM, 3M, and after markets, Microsoft, Alphabet, Visa, and GM.

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