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German FI a touch lower, in line with the......>

EGBS
EGBS: German FI a touch lower, in line with the broader core FI space overnight.
Schatz -2.0, Bobls -9.0, Bunds -18.
- Bund yields closed at record lows ahead of yesterday's FOMC decision, with
price action choppy throughout the decision/presser, before Bunds consolidated
back near best levels.
- Irish spreads vs. Bunds narrowed yesterday as the recent hard Brexit plays
were somewhat reversed, while the periphery narrowed vs. Bunds in general.
- Worth highlighting that Italian Economy Minister Giovanni Tria noted that the
government's target of a 0.2% growth for 2019 is still achievable in spite of
the stagnation evident in Q219.
- Focus today moves to regional m'fing PMI data (some are final prints), as well
as Spanish & French supply.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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