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Back to flat on the day

BUNDS
  • Bunds are back to flat, with the curve reversing most of the steepening bias for the morning session.
  • Reuters source story that the ECB may tolerate inflation above 2%.
  • As per the story (posted earlier): "ECB could tolerate inflation exceeding its new goal, to be set at 2%, as it has been stuck below that level for most of the past decade."
  • German 5/30s is back towards opening levels (flatter) at 85.213, now at 85.766

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