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German FI futures sit a touch higher ahead....>

BUNDS
BUNDS: German FI futures sit a touch higher ahead of European hours; Schatz
+0.05 tick, Bobls +4.0 ticks & Bunds +17 ticks.
- Questions surrounding Italian fiscal dynamics provided the regional highlight
yesterday, with BTP spreads under scrutiny. German fixed income futures made
fresh cycle highs, but finished back from best levels as U.S. President Trump's
delay of a decision re: the imposition of auto-tariffs saw risk assets recover.
Also worth reminding that the latest round of German 2048 supply was solid
enough.
- Late comments from ECB's Praet & Coeure added little new.
- Focus today moves to addresses from ECB's Praet, Weidmann, de Guindos &
Coeure, as well as the ongoing Italian saga.
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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