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Bear steepening on the open

BUNDS

Bund opens bear steeper, with US stimulus still on the table, following Pelosi's office noting further progress, and talks set to resume again today.

  • For Brexit, the UK agreed to restart and intensify talks, which will resume this afternoon, and will happen everyday.
  • Focus remains squarely on these two risks events, without forgetting the US election.
  • Today, very little in terms of tier 1 data, but more ECB, BoE and Fed speakers are scheduled.
  • Estoxx find a bid since the EU Govie open, so worth keeping an eye on USD

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