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Bunds a little higher post-NRW data

GERMAN DATA
  • The national print is expected to be +0.6%M/M, whereas the NRW reading has come in at +0.5%M/M, so this isn't hugely away from expectations for the national print.
  • Bund futures had already moved a bit higher a few minutes ago and now sit around 10 ticks higher than pre-data at 134.35 at writing, but down from a high of 134.55 when we were still waiting for the data to be confirmed.

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