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Bonds are fading lower

CROSS ASSET
  • US Banks opened lower, but Equity futures are bouncing off the lows, with clips buyer in NQM3, 3 clips of 1k bought, and Emini in over 10k.
  • This has triggered some selling in Govies, Bund sold in 3k, TYM3 in 9k, USA 2k, BTP 1k.

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