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Alissa Tripp, Rates Analyst....>

MONTH-END EXTENSIONS
MONTH-END EXTENSIONS: Alissa Tripp, Rates Analyst at Mizuho estimates that "the
average duration of Euro Government Bond (EGB) indices will increase by 0.07
years this month-end, higher than the average of 0.04 years over the past 6
months. Italy, France and Germany will see significant jumps of 0.10 years, 0.09
years and 0.07 years respectively".
- One trade idea that Mizuho mentions is in Italy "we recommend reviewing
opportunities to extend out of the rich 3Y sector. Extending out of BTPS 0.35%
Nov21 into the 4Y sector"

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