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Early focus on the German ZEW and supply

BUNDS
  • Bund retrace yesterday's small gains since the cash open, as the German final CPI matched estimates.
  • Support for the contract will be at 137.53 initially, while small resistance moves down to 138.45.
  • Italian final CPI, and German ZEW are the notable data left for the session.
  • SUPPLY: UK £4bn 2025 (Equates to 10.9k Gilt), should have limited impact. German EU5bn Bobl (equates to 45.6k Bobl) should weigh into the bidding deadline.
  • SPEAKERS: ECB Centeno, Muller, Fed Williams (welcoming remarks).

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