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Unmoved On National CPI

BUNDS

Bunds only see very modest support from the German national CPI print, as it was in line with levels indicated by the state prints (as alluded to elsewhere). Futures last show ~20 ticks shy of best levels at ~132.50, +60 or so. German cash yields are 4.5-7.5bp lower on the day, with the front end continuing to outperform.

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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