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Bunds have fully reversed course from...>

EGB SUMMARY
EGB SUMMARY: Bunds have fully reversed course from morning losses (alongside
Spain and France going to auction), with Jun futs up 100 ticks from the lows at
one point, extending on weak US jobless data.
- Hasn't been a full-blown risk-off day; Italian spreads are little changed and
European equities are set to close higher.
- ECB's Lagarde reiterated must take all possible measures to stem economic
damage from COVID shock.
- Reminder that Friday is a UK and French holiday, though Eurex still trading,
and could be a fairly active early afternoon alongside much-anticipated US
nonfarm payrolls. ** Latest levels:
* Jun Bund futures (RX) up 49 ticks at 173.79 (L: 172.89 / H: 173.54)
* Germany: The 2-Yr yield is up 0.5bps at -0.74%, 5-Yr is up 1bps at -0.708%,
10-Yr is down 3.3bps at -0.54%, and 30-Yr is down 2bps at -0.078%.
* Jun BTP futures (IK) up 46 ticks at 136.66 (L: 135.43 / H: 136.48)
* Italy / German 10-Yr spread 0.6bps tighter at 247.6bps
* Jun OAT futures (OA) up 46 ticks at 167.56 (L: 166.6 / H: 167.12)

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