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Attention turns to the Fed

BUNDS
  • Bund is surprisingly still a little high, albeit better offered, with Equity still consolidating some of Monday's big falls.
  • The contract is nonetheless within this week's ranges.
  • Equities found a bid following a vague statement from Evergrande:
  • (As per Bloom) Evergrande's onshore property unit said in an exchange filing on Wednesday that an interest payment due Sept. 23 on one of its yuan-denominated bonds has been resolved via negotiations off the clearing house. But the unit didn't specify how much interest would be paid or when.
  • We have no tier 1 data out of Europe, and no real market moving data out of the US.
  • All attention turns to the FOMC and presser.
  • SUPPLIES: For Bund, we'll look at German EU2.5bn 15yr (equates to 24k Bund). On the other side of the pond, sees US $26bn 2yr FRN.

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