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Day ahead

BUNDS

Bund trade fairly steady on the open and we continue to trade within this week's ranges.

  • The contract is better offered, but still off the lowest level printed yesterday at 168.29, and 10yr yield testing another high to -0.074% (Trending at levels last seen in May 2019). This morning at -0.09%.
  • German 5/30s made an attempt at initial target noted at 97.428 (12/07/19 high), printing 97.399 yesterday.
  • No tier 1 data are left for today, out of the US, IJC is the notable release.
  • ALL attention this week remains on Global prelim PMI releases tomorrow..
  • Speakers: ECB Lane, Lagarde, Holzmann, Villeroy, BoE Cunliffe, Fed Kaplan
  • SUPPLIES: Spain 3, 7, 10s, and France 3, 5, 7s

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