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Bull Flattener Picks Up Steam as 10Y & 30Y Breach Key Supports

  • Local duration continues to trade firmer at the open after a robust session yesterday.
  • Local curve bull flattened yesterday on more positive EM FI sentiment, coupled with signs of growth momentum in Q1 supported by a recent raft of better than expected domestic data.
  • 2Y yields briefly breached 5.00 in yesterday's session (-9.6bp on the day), while 10Y now trades below 9.20 (-12.7bp otd) & 30Y looks for traction below 10.80 (-16.3bp otd).
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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