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5y5y Point To U.S. Driven Cheapening Move As Opposed To Uptick In Oil

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Note that U.S. breakevens & 5y5y move higher post CPI revisions, although the same cannot be said for EUR & GBP 5y5y, suggesting that the move lower in core global FI markets is largely derived from feedthrough surrounding U.S. market-specifics, as opposed to the uptick in crude oil futures, which have added ~$1 on the day.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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