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EGB SUMMARY: A range bound afternoon session.
-Main story of note were on inflation releases.
-Italy targets 0.6% GDP growth for 2020 in draft: official
-IMF Released the 2019 Financial Access Survey Results:
-IMF: yuan at 1.97% of allocated reserves in 2q after 1.95%, Euro at 20.4% of
allocated reserves in 2q after 20.2%, USD at 61.6% of allocated reserves in 2q
-Bund and peripheral are better bid as we head towards the end of the day, with
10yr spreads pretty much flat on the day against Germany.
- Bund futures are up 0.07 today at 174.28 with BTP futures up 0.12 at 145.79
and OAT futures up 0.08 at 170.37.