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Hovers near session low post Cash open

BUNDS
  • Very little change for Bund post cash open, with the contract trading within Yesterday's range.
  • German final CPI was inline, still, Bund remains at the upper of the October range on favoured FTQ.
  • Some will look at Yesterday's high 129.47 for resistance, but next upside area will be at 129.62 (gap).
  • Yesterday's support was seen at the 128.71/128.68, and this area somewhat held, did trade as low as 128.61 Yesterday.
  • Today sees, ECB 1y/3y inflation expectations, and not happening that often, we will get US PPI a day before the awaited CPI release Tomorrow.
  • FOMC minutes is also due, but unlikely to be a market mover.
  • SUPPLY: UK £3.75bn 2034 (equates to 29.9k Gilt) should weigh, German 2048 and 2052 (equates combined to 13.1k Buxl) could weigh.
  • And again some focus on the US selling $35bn of 10yr notes reopening.
  • SPEAKERS: ECB Knot, de Cos Villeroy, Fed Bowman, Waller, Bostic, Collins.

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