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Day ahead

BUNDS
  • A calmer session for Bund, gaped higher overnight, and it has a small downside gap to 169.08, seen as the initial downside target.
  • Plenty of Russian headlines have once again hit this morning, but desk are on the sideline.
  • Most of the volumes are spread driven, with mostly half of the front contract. Spread related.
  • Today sees Services PMIs, but will be final reading for France, Germany EU, UK and US.
  • SUPPLIES: France 10, 20, 30yr, Spain 3, 7, 20y, plus a Linker. SPEAKERS: Plenty more speakers are scheduled, ECB de Cos, Fed Barkin and Williams.
  • ECB also release their account of the February meeting

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