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Focus on PMIs today

BUNDS
  • Bund trades within the overnight range (176.96/177.11), with attention turning to PMI releases.
  • The contract is better offered, ahead of initial support at 176.86, as the street expects the data to show continued growth.
  • Curves are in turn leaning steeper, albeit in tight trading ranges.
  • We have no speakers scheduled for the session, all attention on PMI, ahead of the awaited Jackson Hole on Friday.
  • Supplies, only sees bills, which won't impact the contract.

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