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German fixed income futures stuck to tight....>

BUNDS
BUNDS: German fixed income futures stuck to tight ranges overnight, last dealing
unchanged to a touch lower. Schatz unch., Bobls unch., Bunds -4 ticks.
- The weekend saw a flurry of speeches from the ECB, with Draghi, Villeroy,
Rehn, Visco & Vasiliauskas all pointing to the "temporary nature" of the current
economic slowdown.
- This came after RTRS sources suggested that "an internal European Central Bank
model indicates the euro zone's economic growth could slow further in the second
quarter, suggesting the projected recovery may be delayed even further," late on
Friday.
- Elsewhere, S&P affirmed Germany at AAA; outlook stable on Friday.
- EU-U.S. trade relations, as well as the political outlook in Spain and Italy
will continue to garner attention, in at least the immediate term. Economic
highlights this week include Tuesday's ZEW survey, Wednesday's final EZ CPI data
& Thursday's flash PMI readings. 30-Year supply dominates the local issuance
schedule, with 30-Year paper set to come to market on Wednesday.
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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