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An interesting point being made by Christin...>

BUNDS
BUNDS: An interesting point being made by Christin Tuxen at Danske Bank in the
latest sell-off, pointing out an unusual pattern "despite the 15bp sell-off
since the beginning of the month, it has not resulted in any significant
tightening of Bund ASW, which has only seen a marginal tightening. The recent
move is in sharp contrast to the usual behaviour where 'cash' has been the main
driver of ASWs."

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