A good session on the bond markets, with Bunds easing significantly by -4.8pts to 2.2920%, our OATs by -4.7pts to 2.7850% (same gap for Italian BTPs at 3.607%).

On the other side of the Atlantic, the easing is rather similar: T-Bonds erase -3.5Pts to 4.19080%,

Interest rate market specialists will turn their attention on Friday to the US household income and expenditure statistics, which will be accompanied by the 'PCE' component of prices, the Fed's preferred measure of inflation.
In the meantime, "macro" news is discreet on Wednesday: according to data published by the US Energy Information Agency (EIA), US crude oil inventories stood at 448.2 million barrels for the week ending March 18, up 3.2 million barrels on the previous week's level.
Across the Channel, Gilts ended the day unchanged at 3.975%.



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