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Another limited Asia-Pacific session noted....>

BUNDS
BUNDS: Another limited Asia-Pacific session noted for German fixed income
futures, unreactive to the latest round of Brexit headlines.
- Schatz -0.020, Bobls -0.070, Bunds +0.02.
- The Bund curve bull flattened on Thursday, initially facilitated by the
release of weak EZ PMI data, with the Eurozone aggregate indices showing that
the slowdown was not confined to France & Germany. The ECB press conference saw
the language surrounding risks downgraded, with Draghi's opening statement
confirming the ECB see risks to the "downside" rather than "broadly
balanced...moving to the downside."
- Focus Friday turns to Germany's IFO survey. Elsewhere, Fitch & Moody's will
review Germany's sovereign credit rating.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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