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German fixed income futures trade.............>

BUNDS
BUNDS: German fixed income futures trade marginally mixed at writing. Schatz
-0.010, Bobls -0.020 & Bunds +0.03. This comes after the German bund curve
steepened progressively throughout Friday, as a strong NFP report & cautious
comments from Fed-Chair Powell supported risk appetite, weighing on global fixed
income.
- The weekend saw German FinMin Scholz note that the "golden years" of German
tax revenues regularly exceeding expectations are coming to an end.
- Focus in Germany today falls on factory orders and retail sales data, with
industrial production due Tuesday and trade data due Wednesday. On the supply
front Germany taps the 0.50% Apr-30 iBund for EUR0.5bn Tuesday, followed by a
sale of EUR4.0bn of the new 2029 Bund Wednesday. Elsewhere, the ECB will publish
the accounts of its December MonPol decision on Thursday.
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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