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Free AccessDrifting lower in early trade
- Bund remains in a 26 ticks range post cash open, on lower volumes, with US Cash Govies closed for a Japanese Holiday.
- Support remains at the 133.60/133.63 area, which equated to 2.574% in Yield this week.
- The Yield perfectly tested yesterday, with a 133.63 low print in futures, while yesterday's high at 134.43, will be seen as the small initial resistance.
- A quieter day on the Data front, EU CPI is final reading, and on the other side of the Pond, we get 2nd readings for US GDP and Core PCE.
- ECB Publishes Financial statements for 2022.
- SUPPLY: US sells $35bn of 7yr notes.
- SYNDICATION: German 08/2053 tap.
- SPEAKERS: ECB de Cos, Fed Bostic, Daly, and BoE Mann.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.