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A busy day ahead

MARKET TALK

A tight open for Bund, (174.32-174.51) and underpinned as better selling emerges in Equity futures on the Govie opening bell.

  • German curve is flat, but leaning bull flatter.
  • Most of the action is once again in FX and the USD, with the Dollar bought across G10 and EM.
  • The pound stays heavy, on the lockdown
  • A very busy day ahead with Mfg/Services PMI for France, Germany, Eurozone and the UK, as well as US prelim PMI.
  • Plenty of US Fed speakers, including Powell at House panel).
  • SUPPLIES: German 3.5bn 15yr (equates 34k Bunds)

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