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Inflation, ECB and Russia

BUNDS
  • A super light, uneventful session for Bund overnight it seems.
  • Most desks are on the sideline, awaiting the US inflation data.
  • In terms of levels, 0.224% would be the next upside yield resistance, equate circa 163.30.
  • Focus remains squarely on Russia near term, but today includes US CPI, AHE, the ECB rate meeting and presser.
  • US also release Monthly Budget statement.
  • SUPPLIES: Ireland 2032 and 2037, US $20bn 30yr

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