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A set of 3 strong German State CPIs......>

DATA REACT
DATA REACT: A set of 3 strong German State CPIs are pointing to a 0.4% M/M for
the national number (Saxony hit 0.3%M/M, so it is cuspy). The Bund contract fell
around 5-6 cents of the news and the 2Y yield is back to trading flat on the
day.

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