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Bund futures have extended their gains up.....>

BUNDS
BUNDS: Bund futures have extended their gains up through yesterday's highs,
dragging the Schatz and the Bobl higher. Bund last trades up 14 ticks from
closing levels at 163.86. 
- Despite the rally the space has lacked the kind of bid that we have seen in
previous equity routs, with the short end remaining stuck in its recent range. 
- The collapse in Italian yields has provided an offsetting headwind to the
tailwind of declining breakevens.

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