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Remains in red territory

BUNDS
  • Despite the US Bank Holiday (MLK day), overnight session for Bund and Schatz, have been more active.
  • The German 10yr still see initial decent support at 169.34.
  • Early market flow, since the cash open, is seeing offers, as Bund and Tnotes edge back towards the upper end of the traded session.
  • Today sees no Tier 1 data, beside the Italian CPI, but this will be final reading, it won't move the needle nor outlook.
  • This week's notable data are, UK CPI (wed),, Canada CPI (Wed), Aussie Employment (Thurs), UK Retail (Fri).

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