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Free AccessAnother range bound trading session. ...>
EGB SUMMARY: Another range bound trading session.
-EGB are generally better bid, although started the morning session better
offered following the Asian session.
-The afternoon saw a renewed bid into safer haven, following more Covid-19
reports.
-CDC confirmed 15th case of virus, whilst on Twitter: "@EdwardLawrence 1m
Administration sources say they believe China is under reporting the number of
#coronavirus cases by at least 100,000 in China. Also sources say the
administration believes China is "severely" under reporting the number of deaths
from the virus. Administration sources say scientists working on how the
coronavirus spread are having difficultly getting to the sight on where the
first case happened. That could help scientists determine if it's spread by
contact or also airborne."
-Bunds sit 24 ticks up, but mid range.
- Bund futures are up 0.22 today at 174.24 with BTP futures up 0.29 at 148.42
and OAT futures up 0.18 at 166.77.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.