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Bear steeper on the open

BUNDS
Bund sees better bear steepening in 2/10s and 5/30s, since the
European bell.
  • Focus today turns to Germany selling EU4bn of 0% 2027 Bonds
    On Jul 28.
  • This should keep that part of the curve capped in early trading.
  • Peripherals are flat to tighter, with Greece leading at 1.7bps in early
    trading.

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