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Bunds have seen a reversal of fortune...>

EGB SUMMARY
EGB SUMMARY: Bunds have seen a reversal of fortune since 1400BST, rising from
session lows back to session highs, though little in the way of catalysts seen
(initially came as equities faltered, but they've since bounced).
- Periphery spreads beginning to move wider as well. 
- A fairly uneventful day in data/speakers, with focus on supply (solid sale of
7-Yr Bund, with new Gilt seeing huge orders across the Channel).
- Pretty thin on EZ data Wednesday also, but ECB speakers Lane and de Guindos,
and plenty more supply with Germany, Italy and Portugal going to market.
** Latest levels:
* Jun Bund futures (RX) down 16 ticks at 173.37 (L: 172.91 / H: 173.41)
* Germany: The 2-Yr yield is up 1.7bps at -0.732%, 5-Yr is up 0.8bps at -0.72%,
10-Yr is unchanged at -0.512%, and 30-Yr is down 2bps at -0.069%.
* Jun BTP futures (IK) up 2 ticks at 137.36 (L: 137.16 / H: 137.66)
* Italy / German 10-Yr spread 0.1bps wider at 239.2bps
* Jun OAT futures (OA) up 20 ticks at 167.68 (L: 166.96 / H: 167.75)

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