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Very narrow range overnight

BUNDS
  • French HICP data at 7:45BST / 8:45CET is likely to be the first trigger for Bunds and wider EGBs to move this morning.
  • Bund futures have traded in a very narrow range overnight and so far this morning. Since the US close we have traded in a 148.47-148.68 range (we are currently at 148.50). This is around 30 ticks higher than yesterday's European close at 148.20.

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