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Focus turns to Fed Powell

BUNDS
  • Bund traded circa flat into the cash open, but gained some 30 ticks since the cash open.
  • Support is at the 2.773% Yield which yesterday equated to 130.23.Resistance moves down to 131.54.
  • There's no tier 1 data for the session, Spanish industrial output is the only European release left, and out of the US sees final Whole sales inventories.
  • ECB releases Consumer expectations survey.
  • SUPPLY: UK £4.5bn 2025.
  • SPEAKERS: All the focus is on Fed Powell's semi annual testimony.

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