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Bunds are bull flattening

EGB FLOWS
German 5/30s bull flattening, and we trade at lowest level since 7/05 (14days)
  • Euribor strip sees the back end lifted (strip is flattening), with elevated size in ERZ2 (December 2022).
  • ERZ1 (December 2021) just lifted in over 5k
  • Next stop sees EU PMI at the top of the hour

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