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Pushing higher post cash open

BUNDS
  • Small upside continuation for Bund, German Gfk beat consensus, but saw a miss on the revision, although not a known market mover.
  • Risk is tilted to the upside, with most investors eyeing that November double top at 131.74, although there'll be more focus on the 2.50%% mark in Yield (will update).
  • The German 10yr printed a 2.517% low on this November futures double top.
  • Support in Bund moves up to 130.93, followed by 130.51 area, and 130.11.
  • There's no notable data out of Europe or the US, {ca} Canadian CPI is unlikely to move European markets.
  • SUPPLY: UK £2.75bn 30yr (equates 37.8k Gilt) should weigh into the bidding deadline.
  • SPEAKERS: ECB Nagel, Lagarde (pre recorded), Lane, Ramsden, Haskel, Fed Goolsbee (x2), Waller, , Bowman, Barr (x2), Paese.

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