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Bund lead the bounce

BONDS
  • Germany leads gains, some position squaring and short cover.
  • ECB Lagarde was also seen as pouring cold water on timing hike speculations.
  • Adding: "Raising interest rates “would not solve any of the current problems,” she told Redaktionsnetzwerk Deutschland in an interview released on Friday. “On the contrary: if we acted too hastily now, the recovery of our economies could be considerably weaker and jobs would be jeopardized.” As per Bloomberg

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