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A busy week ahead

BUNDS
  • A fully packed, and potentially volatile week, with US CPI among other data, the Fed, ECB, and Expiries on Friday, Quadruple witching in Equities.
  • A slow tight range bound for Bund, with most desks on the sidelines, and technical are unchanged, with support at 133.45 (printed a 133.51 low Friday), followed by 133.00 (printed a 132.97 Thursday).
  • Resistance is still seen at 134.50, failed at 134.37 on Friday.
  • There's no data of note to start the week.
  • SUPPLY: EU 2027 EU2.25bn (would equate to 16.6k Bobl) shouldn't impact, EU2.25bn 2038 (equates to 24k Bund) could weigh. US sells $40bn 3yr notes, and $32bn 10yr re-opening.
  • SPEAKERS: ECB Simkus, BoE Mann.

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