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German FI Futures Nudge Away From Late Thursday Levels

BUNDS

German fixed income futures have edged away from their late Thursday session levels, with the previously outlined pushback from the ECB surrounding the FT's report (https://www.ft.com/content/0ee1336d-1c7c-43b5-a8ed-f141f31fb70e) re: comments from Executive Board member Lane on its in-house long-term inflation and interest rate views allowing the contracts to nudge higher in early overnight dealing.

  • BBG noted that the ECB said that "the FT story is not accurate. Mr. Lane didn't say in any conversation with analysts that the euro area will reach 2% inflation soon after the end of the ECB's projection horizon." Lane "made clear in a public event on Wednesday that by being persistent with a high level of monetary stimulus, the ECB can reach its 2% target over time, without mentioning a specific date."
  • Futures: Schatz -1.0, Bobl -10., Bunds -20, Buxl -40.
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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