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A range bound open for Bund and EGBs Not.....>

BUNDS
BUNDS: A range bound open for Bund and EGBs 
Not too surprising, given that we get EU national prelim PMIs this morning. 
-Also in focus, we get supplies from the Netherland (20yr), and Schatz 2yr (for
5bn). 
-Should keep upside in check in that part of the curve going into the bidding
deadline. 
-Peripherals spreads are a touch tighter, with the German curve heavy ahead of
supplies. 
*Greece, Italy, Spain and Portugal sits circa 1bp tighter

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