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-Bund extended losses led by the US.....>

EGB SUMMARY
EGB SUMMARY: -Bund extended losses led by the US curve with Equities extending
gains. 
-Some impressive moves in US Equities like the Dow, trading above 26,800, some
450 points up. 
-The stronger ISM Non-Manufacturing Index, pushed Treasuries towards 131.00
(traded 131.02 low), which in turn pushed Bunds to new intraday low, printing
174.14. The contract has since faded and is back towards 174.41 at the time of
writing. 
-Very little of note in peripheral and in particular the BTP, The latter just
followed Nund and Tnotes lower. 
-German/Italy 10yr spread widened around 6.5bps, trading around 152.7 on the day
- Bund futures are down -1.18 today at 177.34 with BTP futures down -1.28 at
146.00 and OAT futures down -1.15 at 168.84.

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