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German fixed income futures trade a touch.....>

BUNDS
BUNDS: German fixed income futures trade a touch above settlement levels at
writing, although off Tuesday's late highs, sticking to a narrow range on light
volume.
- Schatz +0.010, Bobls +0.020, Bunds +0.12.
- Tuesday saw syndications from across the Eurozone (Belgium, Austria & Greece),
which may have pressured German FI, before the late rally as U.S. equities took
a turn for the worse. There was also a Schatz auction on Tuesday.
- Looking to Wednesday, domestic focus will fall on state & national CPI data
and 10-Year supply, in addition to French GDP data. Italy will also 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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