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Better bid on the cash open

BUNDS

Bund trades on the front foot after consolidating some of yesterday's afternoon sell off, and has been better bid overnight and on the cash open, albeit in thin volumes.

  • Curve sits flatter on the margin after 5/30s failed at the 2020 peak steepest level at 84.808, traded 83.442 high yesterday.
  • No tear 1 date are left for the session, and no ECB speakers are scheduled.
  • On the other side of the Pond, Fed Powell testimony on the Hill, as well as Brainard, Clarida.
  • SUPPLIES: German EU4bn 10yr (Equates to 26k Bund)

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