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BOND SUMMARY: A range bound session for Global EGB's, with under average volumes
and a two way price action throughout the morning European session. -EGBs remain
underpinned and are sitting in green territory, with the contracts taking their
cue from Equities, but Indices have done very little, with no clear direction. 
-Bunds and peripherals are within ranges, and this is shown in the spreads, with
Italy just 1bp tighter against the German 10 year. 
-We are seeing, similar type of range versus Portugal and Spain, trading just
half basis point tighter against the Bund. 
-Gilt, have followed suit, and are 19 ticks up on the day, with the English Bond
seen as a safer Haven contract of late. 
-Plenty of eyes are on the shorter end part of the UK curve, with the 2yr
trending onto negative yields in the past few sessions. 
-USTs have also taken their cues form EGBs, but are still only sitting flat of
the day, as we await for the US to come in. -Looking ahead, we get US Retail
Sale, Industrial production and Michigan later this afternoon. 
-Europe, Michel Barnier, is due to update us on the EU-UK trade negotiations.

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