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German fixed income futures have drawn........>

BUNDS
BUNDS: German fixed income futures have drawn support from the broader risk-off
flows apparent in Asia-Pacific trade, with Bunds last 10 ticks higher, Bobls 6
ticks higher and Schatz unchanged. 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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