Marginal upticks noted for German fixed.......>

BUNDS: Marginal upticks noted for German fixed income futures, in what has been

an anaemic session for volume.

- Schatz +0.005, Bobls +0.020, Bunds +0.03.

- Thursday provided a relatively limited session for the space, as the accounts

from ECB's Dec MonPol decision revealed that Bank officials fear the Eurozone

economy remains "fragile and fluid," but the fundamental factors supporting

expansion remain in place and there are upside as well as downside risks to

growth. Also worth remembering that the minutes revealed that a suggestion was

made "to revisit the contribution of targeted longer-term refinancing operations

to the monetary policy stance."

- Late Thursday, German Economy Minister Altmaier stated that the domestic

economy is not heading towards a recession, but did reveal that the gov't is

discussing the introduction of fiscal measures to support growth.