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There was little in the way of price..........>

BUNDS
BUNDS: There was little in the way of price action/activity in the German fixed
income futures space overnight, with participants awaiting today's ECB MonPol
decision, after the curve flattened on Wednesday.
- Schatz unch., Bobls +0.040, Bunds +0.11.
- Given that the APP was concluded in December, the hurdle rate for a further
shift in policy is particularly high today's week's ECB meeting. The twin focus
will be messaging around the balance of economic risks in light of the recent
weak data flow, and whether there is any indication of potential TLTROs at some
point.
- Flash EZ PMI data is also due today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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