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Still trading close to the initial support

BUNDS
  • A tight 20 ticks range for the Bund contract, not too surprising to see Govies and STIR futures in tight ranges ahead of a busy day.
  • Bund is still close to that initial support of 132.05, with ~131.74 (2.50% Yield) below the latter.
  • Resistance is unchanged at 132.71.
  • A busy day on the data front, with France/Spain/Portugal prelim CPIs, Swiss GDP, German Regional/National CPIs, and on the other side of the Pond, US IJC, PCE core deflator, and MNI Chic PMI.
  • Month Ends are Ok/Decent for the EU and the US, but a non event for the UK, late bid later in the session can't be ruled, but Markets will be taking their cues from the Data early on.
  • SPEAKERS: Fed Bostic, Goolsbee, Mester (x2).

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