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A steady Cash open

BUNDS
  • A tight 18 overnight ticks range for Bund, 21 ticks post Cash open. Although the contract is closer to flat, it remains near the August low, where initial support is seen, situated at 133.77.
  • Resistance is unchanged, moved down to 134.72 Yesterday, followed by 135.18, which held the whole of last week after printing a 135.17 high.
  • The only Tier 1 data for the session is the EU CPI, but this will be final reading.
  • Main focus this week is squarely on PMIs, BLS Payrolls revision (wed), US IJC (thu), and Fed Powell, BoE Bailey at JH (fri).
  • SUPPLY: Germany Green 2033, 2050 (equates combined 5.6k Buxl) should have limited impact.
  • SPEAKERS: Fed Bostic (Payment Inclusion Forum), Fed Barr (on cybersecurity).

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