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Supplies and ECB in focus

BUNDS

Bund stays on the front despite the risk on tone on the open.

  • Further lockdown risk sees FTQ in core Bonds, following Germany yesterday.
  • Very little in term of tier 1 data for Europe, with most of the focus turning to the ECB.
  • HEAVY SUPPLIES: Spain 5, 7, 15yr and France 3, 5, 7yr. Should keep the lid on Bund going into the bidding deadlines

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