German fixed income futures continue to.......>

BUNDS: German fixed income futures continue to operate around worst levels at

writing, with the broader risk-on flows that came about on the back of a RTRS

sources piece which suggested that the U.S. & China are drafting 6 MOUs on key

structural trade issues applying modest pressure to the space overnight.

- Heightened trade tensions between Australia & China seem to have capped risk

appetite for now.

- Schatz -0.010, Bobls -0.010, Bunds -0.05.

- Wednesday saw ECB's Praet note that the Bank will discuss matters re: TLTROs

at its March meeting, although he stressed that he is not sure if the Bank will

come to a final decision on the matter at that particular meeting.

- The latest 5-Year Bobl auction was easily absorbed on Wednesday.

- Focus today moves to the latest suite of flash EZ PMIs, with final German CPI

data also due. Elsewhere ECB's Praet will speak twice, which will supplement the

release of the accounts from the ECB's most recent MonPol decision.