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Focus turns to the FOMC minutes

BUNDS
  • Bund sees small better selling on the cash open, helping Tnotes off their best level.
  • Some dislocations in the curves with German 5/30s bear steeper and US 5/30s still leaning flatter on the margin.
  • For the German Bund, further upside momentum will target next resistance at the 8th April high at 173.79 initially.
  • Little of note in terms of tier 1 data left for the session, European Commission will publish summer economic forecasts, but all the attention turns to the FOMC minutes.
  • SUPPLIES: German EU5bn Bobl on (Equates to 42.3k Bobl)

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