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Bear steepening

BUNDS

Further bear steepening in early trade.

  • German 5/30s look at testing the Dec high 63.30, now at 61.94.
  • Bund next key support comes at 176.63 Low Dec 2
  • Very little of note on the calendar for today, no data or supplies, besides Bills and linkers.
  • On the speaker front, ECB de Cos is the only scheduled speaker.
  • Some focus on more expected Corp issuances

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