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Another bad UK print

BUNDS
  • Bund dropped some 50 ticks, after another bad UK inflation beat, but the contract has lacked some traction, and now trades close to yesterday's big mid range, albeit still on the heavy side.
  • Support moves up to 132.90, followed by 132.47, which held yesterday.
  • Most will look for resistance at 133.88, Yesterday's high.
  • There's no tier 1data left for the session, with the UK Data out of the way.
  • SUPPLY: Greece 2042 EU200mln, will have no impact, Germany 2050, 2052 (equates combined to 12.4k Buxl) might weigh. US Sells $12bn of 20yr reopening.
  • SPEAKERS: ECB Kazimir, Schnabel, Fed Powell (before the House), Goolsbee.

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