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Attention turns to Powell

BUNDS
  • Another more subdued overnight session for Bund, trading well within yesterday's range.
  • Initial resistance remains at 144.19, and support at 143.05.
  • UK CPI came pretty much inline.
  • Main focus, will be on Fed Powell's testimony before the Senate.
  • There isn't much left on the data front, with just EZ Consumer Confidence of note.
  • SUPPLY: Germany EU1.5bn 2038 (equate to 14.4k Bund), US $14bn 20yr and a $22bn 2yr FRN.
  • SPEAKERS; Focus will be on speakers and Powell. BoE Cunliffe, Fed Barkin, Evans and Harker are also all scheduled for today.

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