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Bid As Europe Settles In

BONDS

Nothing in the way of fresh headline flow to trigger the latest uptick in bonds with U.S. TY & Bund futures back to flat/slightly positive territory on the day. S&P 500 & Euro STOXX 50 futures are off worst levels, but still sit lower vs. Friday’s close, while Chinese deflation worry generated most of the interest during Asia-Pac hours. Cash Tsys bull steepen, with the major benchmarks on that curve running flat to 3bp richer, while the German curve sees 0.5-1.5bp of richening in a more muted bull steepening move.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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