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Dip buying on the cash open

BUNDS
  • Bids emerging in Bunds and Tnotes on the German cash open, dip buying and early short cover, after Bund dropped 81 ticks on the Hawkish Fed, and Tmotes plummeted over 1 big figure from 128.07 to 127.06+, and clear through the 1.8% yield, now at 1.835%.
  • Also keep in mind Month End for January, which will start to come into play Tomorrow but especially Monday.
  • Equities saw heavy losses, with Nasdaq futures dropping as much as 795 points
  • 2022 will be the data dependent year (Inflation and Growth), and today,, include US GDP, Durable Good, Core PCE..
  • SUPPLIES: US $53bn 7yr
  • ECB Scicluna is the only notable speaker

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