German fixed income futures sit around........>

BUNDS: German fixed income futures sit 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 applied pressure to the space.

- Schatz -0.010, Bobls -0.010, Bunds -0.10.

- 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, despite the

outright rich levels evident at present.

- 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.