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Focus on 2yr supply and speakers

BUNDS

Bund remains in a tight range on the European open (174.48-174.64).

Curve is flat, and within yesterday's ranges.

  • Very little of note on the data front, and focus turns to supplies with Dutch 30yr, and Schatz 2yr for EU5bn.
  • This should keep that part of the curve capped into the bidding deadline.
  • We have few scheduled speakers with BoE Bailey and ECB Villeroy. Panetta and Lane.

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