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Bonds are extending losses

BONDS
  • Govies are extending through the lows, TYZ2 sold in 3k, USZ2 in 1k, German Bund in 5k.
  • A pick up in Volume has help the drift lower, as 5k Bund, given the low liquidity can be impactful.
  • Similar price action in rates, with Euribor and Eurodollar strip testing new intraday low.

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