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A quiet re-open for German fixed income.......>

BUNDS
BUNDS: A quiet re-open for German fixed income futures, trading a touch lower,
in the first hour or so of trading this week. Bunds last deal 20 ticks lower,
Bobls trade 3.0 ticks lower & Schatz trade 1.0 tick lower.
- Space likely reacting to the strong Wall St. rally observed Wednesday, which
came on the back of a tumultuous Christmas Eve for U.S. stocks.
- Worth noting that EU budget commissioner Oettinger has told Funke Media Group
that "we will tolerate a national budget deficit higher than three percent as a
one-time exception. However, it must not continue beyond 2019," following the
recent protests in France.
- Looking ahead, German CPI data will hit on Friday, with familiar matters
including Brexit & Italy continuing to remain in focus.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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