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better buying interest on the opening bell

BUNDS

Bund and the shorter end 3 Month Euribor, start the session on the front foot.

  • This has been all EUR driven, with further overnight FT article: "Rising euro stokes ECB worries over falling prices".
  • On the data front, EU National service PMI are set for release, but the majority will be final readings.
  • More focus this morning on the heavy supplies.
  • Regarding flows, expect more rolling position into Dec, with already 52k contract traded in Bunds

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