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A decent turn over in EGB volumes.......>

EGB SUMMARY
EGB SUMMARY: A decent turn over in EGB volumes this morning.
-With very little on the data front, the focus for Bunds turned to the 10yr
Auction.
-Delta hedging was noted going into the bidding deadline, with a pick up in
traded contracts.
-Main story so far, which has been leading most assets have been the "Risk Off",
heavy selling of Global Equities, with Europe and particularly the Estoxx and
Dax.
-Tech and Energy led the sell off, keeping yesterday's trend intact in the US.
-US equities were hit yesterday, with some market participants pointing the
finger at the impeachment odds picking up sharply.
-Also, some pointing to Fox Business Gasparino`s tweet re White House devoting
"significant resources to crackdown on Big Tech".
- Bund futures are up 0.05 today at 174.78 with BTP futures up 0.30 at 145.99
and OAT futures up 0.20 at 170.84.

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