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Big Risk on has been the main leader...>

BOND SUMMARY
BOND SUMMARY: Big Risk on has been the main leader of Global Government Bonds in
Early trading. The reduced odds of a "No Deal" Brexit has helped Risk pull back
with Global Equities performing well. 
- GBP has once again been a driver today, with the currency reversing all of
yesterday's weakness, and gaining this morning. 
- EGB upside has been capped with some focus turning towards the German 5yr Tap.
But with contract within ranges, it has been a good opportunity for investors
initiating futures Rolls with the Sep contract expiry on Friday. - Regional PMIs
OK all in all; ECB presidential nominee Lagarde at Parliamentary hearing,
repeating comments from written testimony but interpreted slightly hawkish given
emphasis on side effects of easy policy. -GILTS have traded within ranges,
albeit better offered on on Risk on and the GBP recovery. Services PMI
disappointed slightly but muted upside for Gilts. Attention on Parliamentary
vote (s) today. 
-Tnotes are range bound and fairly subdued, with direction taking its cue from
Equity price action. 

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