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German fixed income futures drew support......>

BUNDS
BUNDS: German fixed income futures drew support from the broader risk-off flows
apparent in Asia-Pacific trade, with Bunds last 12 ticks higher, Bobls 6 ticks
higher and Schatz 1 tick higher, with the contacts at/near highs as we head into
European trade. Volumes remain somewhat limited. However, modest Schatz flow was
noted in the early part of the session: DUH9 paper paid ~2.7K over a couple of
clips.
- As a reminder the ECB ended its net asset purchases at Thursday's monetary
policy meeting, made slight downward adjustments to its economic growth
forecasts, and indicated that although the risks to the economic outlook are
balanced these risks are shifting to the downside.
- Elsewhere, Italy & the EU are seemingly converging re: budget matters, while
the Bank of France trimmed its GDP outlook for 2018/19 late Thursday.
- Focus today turns to EZ flash PMI data, as well as a plethora of ECB rhetoric.
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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