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US Inflation in focus

BUNDS
  • A tight overnight session for Bund, and despite edging in the green, German Yield remains at multi year/decade high.
  • 1.5% in 10 year has so far held, printed 1.465% high.
  • Bobl 5y future found a base short of 1.25%, printed 1.237% high, and the German 2yr just short of 0.85%, printed 0.848%.
  • Early trading might see some consolidation, as some desks squares ahead of the US CPI.
  • Today sees, Italian IP, Spanish CPI (final reading).
  • On the other side of the pond, the awaited US CPI, also prelim Michigan and the inflation component.
  • BoE/Ipsos Inflation next 12 months.
  • SPEAKERS: ECB Holzmann and Nagel.

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