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EU Inflation and US NFP

BUNDS
  • Bund trades unchanged from where it was yesterday afternoon, albeit 14 ticks down on the cash open.
  • The contract found some dip buying profit taking as it tested initial support at 170.02.
  • The contract did extend to a 169.95 low yesterday, but support is still seen at 170.02, ahead of the more important area, ay the 0.00% yield resistance, 169.40.
  • Today, investors have one eye on the NFP, but as already noted, focus is turning to the forward outlook and the US inflation, for clues on how fast or gradual the Fed will be.
  • Early focus out of Europe, include the French IP and the EZ prelim CPI as the notable releases.
  • SPEAKERS: Fed Daly, Bostic, and BoE Mann

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