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Data and supplies in focus

BUNDS
  • Bund remains near, either side of the 172.00 figure once again, with very little changed so far this week, ahead of US NFP Friday.
  • German 5/30s lean flat, but latest price action lean steeper in the past few session, as we continue to recover from the 21st June low.
  • A busier day on the data front for today's session, with Italian French and EU prelim CPIs.
  • On the other side of the pond, sees ADP, Chicago PMI and Canadian GDP.
  • SUPPLIES: Italy 2026, 2030, 2031 for a combined EU6bn (equates to circa 32k BTP), which should keep the lid on the contract into the bidding deadline.
  • SPEAKERS: ECB Panetta, BoE Haldane, and Fed Bostic, Barkin

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