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Better selling on either sides of the Atlantic

BONDS

Broader base selling in Bonds, with Bund, OAT, BTP, Gilt and Us treasuries all sold at the same time. (The move started before the ECB Makhlouf rate comments)

  • No new news driving price action. Equities and FX are stable.
  • Notable move in FX is in the JPY, now down 0.54% versus the USD and testing the 104.76/84 High Nov 24 / 1.0% 10-dma envelope
  • Support in Bund comes at the 177.10 area.

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