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German fixed income futures ticked higher.....>

BUNDS
BUNDS: German fixed income futures ticked higher overnight, aided by softer than
expected official Chinese manufacturing PMI data.
- Schatz +0.005, Bobls +0.050, Bunds +0.20.
- Wednesday saw stops run in Bund futures during early NY hours, which weighed
on the space.
- The latest Bund auction drew solid enough levels of demand.
- BTPs were pressured by some damning commentary from the EC re: the recent
reforms in Italy.
- Flash German CPI data headlines the local docket today.
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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