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Bid In Equities & Oil Lead Bonds Cheaper

BONDS

Little to flag when it comes to broader weakness in core global FI markets, outside of the bid in U.S. & UK equities and crude oil, with the German curve now bear steepening on the day (benchmarks run little changed to ~3.5bp cheaper on the session), while cash Tsys see light bull steepening on the session, running flat to 1bp richer. Gilts remain the comfortable outperformer, running 11-19bp richer, although the short end is over 10bp off firmest levels of the day.

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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