Forex - Eurozone Bond Flows: German inflation revised up; ECB speaker/minutes, supply


 07:34 (GMT) 11 Jul

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German HICP revised up to 1.5% from the prelim 1.3% helps to temper the further better bid seen for core bonds in Asia on the back of yesterday's Fed events that cemented expectations for a 25bp cut in July and then follow up later in the year. Bunds back to flat on the morning while UST still in around 1.5bp across the curve other than 30s ahead of supply.

ECB Coeure speaks on inflation expectations and monetary policy from 11:15 while minutes to the June meeting are then out at lunchtime so both will be watched for any clues on timing of any action from the ECB as well.

Prior to that Italy has EUR5.5bn of 7/22 and 7/26 supply while Ireland also has EUR1bn of 10yr and 5/33s. BTPs still performing pretty well after the well received 50yr syndication earlier in the week


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