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A pop higher in Bonds

CROSS ASSET

No clear driver on that little pop higher in Bund.

  • US treasuries on the follow, with buying across the board, Bund, BTP, Gilts, US, TY, FV and TU all in good size.
  • No impact in FX, with USD stable, and no spillovers into or from Equities, with Indices taking another leg higher.
  • S&P Futures is pretty much back to where we sold off yesterday, now at 4172.50

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