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Bear steepening get further traction

BUNDS

Continued bear steepening this afternoon, as the long end continues to be under pressure, on Risk but also lower Treasuries, ahead of supplies this week.

US auctions 3yr later today, 10yr tomorrow and 30yr on Thursday.

German 5/30s curve test high of the day at 63.25, ahead of 64.49, traded on the 17/07.

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