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Bull flattening since the open

BUNDS

German curve unwinds some of the bear steepening from yesterday's price action. Bull flattening on the open.

  • German 10yr outperforms, and underpinned, after France reported 41,622 new Covid cases for the first time and widening "couvre feu" across the country.
  • Peripheral spread are a touch wider with core safe haven favoured..

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