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Focus on EU Manufacturing PMIs

BUNDS

Bund continues to trade around that 50% retracement of that 09/11, 270 ticks fall.

  • The contract remains in that 80 ticks range (174.91-175.71), for the past 10 days, with Brexit squarely at the forefront.
  • Today, some focus on European Manufacturing PMIs,, and EC CPI.
  • ROLL PACE: With 11 days until expiry, suspect that rolling position will start picking up.
  • Buxl: 22%
  • Bund: 18%
  • Bobl: 13%
  • Schatz: 18%
  • BTP: 8.5%
  • BTPS: 6%
  • OAT: 16%

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