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TURKEY

UniCredit on CRBT Decision

GERMAN AUCTION RESULTS

1.00% May-38 Bund

BONDS

Looking ahead to the Fed Minutes

FOREX

USD bid is the early story of the day

EGB SYNDICATION

Finland 10y: Spread set

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US DATA
US DATA: July industrial prod +0.2% vs +0.3% expected, pulled up by 
materials +0.3%, utilities +1.6%, and mining +0.5%. Manufacturing -0.1% 
and business equipment -0.5%. IP ex motor veh +0.4%. June IP unch at 
+0.4%. Mfg excl. motor veh & parts +0.2%; motor veh & parts -3.6%. 
Durables mfg -0.5% with categories mixed, dragged down by motor veh. 
Nondurable mfg up 0.4% as gains in apparel and chemicals were 
offset by declines in printing and plastic. Capacity utilization unch at 
76.7%, as expected. June capacity util revised up 0.1pp to 76.7%. Mfg 
cap util -0.1pp to 75.4%.

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