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A busy week ahead

BUNDS
  • Bund trades within overnight range post cash open, ahead of a busy week on the data front, risk events, and speakers.
  • Month End Bond extension is more notable for the US vs small/average in Europe, and a non event for the UK.
  • The 2.574% Yield level continues to hold after multiple attempt in the past 7 sessions, 133.60/133.63 area remains the key initial support in futures.
  • Resistance moves down to 134.43, followed by 135.00 and 135.33.
  • Today sees, Italy manufacturing/consumer confidence, EU final consumer confidence, US prelim durable goods.
  • SPEAKERS: BoE Broadbent, Fed Jefferson, ECB de Cos, Lane.

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