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Focus on data and supplies

BUNDS

Bund trades in the red on the cash and Govie open, with risk tilted to the upside, following the confirmation win of the Dem 2 Senate seats, and the hope of bigger stimulus package.

  • Curve remains bear steeper, with outright contract Bund trading within yesterday's ranges.
  • Focus today, sees another busy day on the data front and a fair amount of supplies, including Spain 3, 5, 30yr and France 10, 20, 30yr.

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