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Bund lead the reversals in Futures

BONDS
  • Bund has achieved, another impressive over 300 ticks reversal in 2 sessions, on very limited liquidity.
  • The move is pushing spreads tighter, US (5.4bps), UK (2.2bps), Portugal (3bps), Spain (2.5bps), Italy 3bps.
  • Bund trades at 156.50 after printing a 159.70 high yesterday.

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