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Continued flattening

BUNDS
  • Continued flattening for the curves this morning, across Govies and especially in Rates, with front Euribor (down 10/12 ticks), Eurodollar (22/17 ticks), SONIA (8/7 ticks), and the back end green outperforming.
  • German 2s/10s drifts to flattest level this year with next support seen at 39.198.

Chart source: MNI/Bloomberg

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