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Flat To Higher In Asia


Steady After Powell Pressure


TYH2 Blocked


Firmer Since Settlement


Commodity-Tied Dollar Bloc Leads

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  • Bund is totally unchanged since the cash open, but getting a few questions on the early Euribor weakness, especially ahead of the ECB which was expected to be a non event, with the December meeting mostly in focus.
  • It looks like the Euribor strip, has so far been dragged lower by the US short end, but difficult to see a clear catalyst, but keep a close eye.
  • Once again no real market moving data of note for today, with US data starting tomorrow (GDP).
  • SUPPLIES: Early focus will be on supply, with Germany selling EU2bn of 15yr (Equates to ~7k Buxl), and out of the US, $61bn 5yr and $28bn FRN, but floating rate won't impact Treasuries

Chart source: Bloomberg