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Russia at the forefront

BUNDS
  • A decent 84 ticks upside opening gap for Bund, overnight, on Safe Haven, after the situation in Eastern Europe deteriorated over the weekend.
  • Gap in Bund is from 166.18 up to 167.02.
  • Today sees Spain and Portugal prelim CPIs and out of the US, Wholesale Inventories and MNI Chicago PMI.
  • ALL EYES remains on Russia, and this will supersede near terms Data.
  • Month End Govies sees decent extension for the US, and average for the EU and UK.
  • Most of the volume this week, will be on Rolling positions into June for EGBs.
  • SPEAKERS: ECB Panetta, Lagarde, and Fed Bostic

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