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ALL EYES on US CPI

BUNDS
  • A tight overnight range for Bund pre Cash open, but small selling is emerging on the cash open, as well as in Equities.
  • Estoxx is slowly drifting towards flat, but still trade at its highest level in a Year.
  • For Bund, resistance is seen at 138.28 initially, and support moves up to 137.47.
  • ALL EYES are of course on the US CPI, and some attention on real Earnings.
  • There's not data of note out of Europe.
  • ECB publishes Economic bulletin.
  • SUPPLY: Spain 26s, 29s, 46s and 2033 linker, Italy 2026 and 2029 (equates combined 40.7k BTP) should weigh into the bidding deadline.
  • SPEAKERS: Fed Harker, Bullard and Barkin, only Barkin is a 2023 voter.
  • BoE Mann is also scheduled, for a lecture in Manchester on: "Challenges facing the UK economy, challenges facing monetary policy- a comparative look"

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