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Remains in green territory since the cash open

BUNDS
  • Bund is unchanged, trading circa 172.40s since cash open, and the same can be said for US Treasuries which are trading near the middle of yesterday's ranges.
  • European rolls will continue to dominate before expiry next week.
  • Equity futures are mixed, VGZ1 is a touch in the red, while ESZ1 is in the green, but the latter saw a decent falls yesterday late afternoon European time, as the index fell over 124 points, at lowest levels since 19th October, on report that the Omicron variant had officially reached the US.
  • A lighter session in terms of data, US IJC is no longer a market mover since it has fallen below a certain threshold.
  • Out of Europe sees EU PPI and unemployment.
  • Second day of OPEC+ meeting on production resumes.
  • SUPPLIES: Spain 4, 10, 12yr, and French 10, 20, 24yrs.
  • SPEAKERS; Fed Bostic, Quarles, Daly, Barkin, ECB Panetta.
  • Recall overnight: " Loretta Mester said she is “very open” to scaling back the Fed’s asset purchases at a faster pace so it can raise interest rates a couple of times next year if needed."
  • She will be a voter in 2022, and a Hawk, nothing too surprising

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