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Little Moved In Wake Of National CPI Print, Which Tracked Level Implied By State Data

BUNDS

Little movement in Bunds on the back of the German CPI data. That is probably owing to the fact that the headline CPI print (+6.1 Y/Y) was largely in line with what the early regional data implied (we pencilled in a +6.12% print in the wake of the state releases accounting for 88% of the national reading). Elsewhere, the HICP reading was a touch softer than most pencilled in in the wake of this morning’s regional CPI releases.

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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