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Bunds continue to march high in a very.........>

EGBS: Bunds continue to march high in a very controlled manner. They have closed
the small gap at the open but we see little in the way of resistance until
hourly charts offer something at 158.45. - Early underperformance in Spain has
reversed and the Bund-Bonos spread is now 1bp tighter on the session. - EUR swap
volumes are extremely low, particularly in the 1Y and 2Y where almost nothing
has traded so far today according to the SEF.

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