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Core European FI has sold off..........>

BOND SUMMARY
BOND SUMMARY: Core European FI has sold off sharply in the last hour, on no
apparent news/headline trigger, looks largely flow driven. Potentially linked to
positioning ahead of Thursday's ECB meeting, though unconfirmed.
- German (E4bln Schatz) and Austrian (E0.5bln 10-Yr) supply upcoming.
- France industrial production beat expectations; up later is Italy IP and
German ZEW. At 0930GMT we get UK October GDP figures incl IP.
** Latest levels:
* Mar Bund futures (RX) down 26 ticks at 172.11 (L: 172.07 / H: 172.45)
* Germany: The 2-Yr yield is up 0.6bps at -0.631%, 5-Yr is up 1.2bps at -0.553%,
10-Yr is up 1.8bps at -0.289%, and 30-Yr is up 2.2bps at 0.244%.
* Mar Gilt futures (G) down 22 ticks at 131.74 (L: 131.68 / H: 131.97)
* UK: The 2-Yr yield is up 0.3bps at 0.577%, 5-Yr is up 1.5bps at 0.585%, 10-Yr
is up 1.9bps at 0.782%, and 30-Yr is up 1.5bps at 1.281%.
* Mar BTP futures (IK) down 15 ticks at 142.68 (L: 142.67 / H: 143.06)
* Italy / German 10-Yr spread 0.7bps tighter at 157.6bps
* Mar OAT futures (OA) down 21 ticks at 164.07 (L: 164.03 / H: 164.37)

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