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A range bound trading session for.......>

EGB SUMMARY
EGB SUMMARY: A range bound trading session for EGBs. 
-Market have in general been fairly quiet and within ranges, with most of the
action in FX and particularly the JPY, with the currency losing 1.1% against the
USD. 
-Plenty of correlation decoupling throughout the day.
-But eventually Tnotes got the message and sold off somewhat, keeping Bund
upside in check, for a short while, but are sitting 11 ticks up.
-EU peripherals spread have remained close to flat, but are generally around
0.5bp tighter against the German 10 yr.
-BTP and OATs remained buoyed, in line with Bund.
-Though upside should be limited for OATs, given the large supplies expected
tomorrow.
-Tomorrow, also see EU heads of state or government will discuss the EU's
long-term budget for 2021-2027.
- Bund futures are up 0.12 today at 174.65 with BTP futures up 0.13 at 147.98
and OAT futures up 0.19 at 167.21.

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