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Day ahead

BUNDS
  • German curve sits flatter on the cash open, with the street awaiting on the ECB tomorrow, and some clearer positioning for a dovish meeting tomorrow.
  • No tier 1 data are due for release today, and on the other side of the pond, US Wholesale inventories (final reading) is the only notable data ahead of the US CPI tomorrow.
  • SUPPLIES: UK 10yr linker (won't affect Govies), German EU1.5bn 30yr (Equates to 9.6k Buxl, or 25k Bund), and Portugal 2027 & 2031.
  • Greece plans to tap its EU 0.75% 2031 bond

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