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Core FI has been pushing higher.........>

EGB SUMMARY
EGB SUMMARY: Core FI has been pushing higher following more risk-off Coronavirus
headlines, including health officials confirming a second case in the U.S.,
which has shot Treasuries higher alongside huge volumes (Bunds following suit).
- This came after a morning shaped by PMIs: Germany and France beat, pushing
European FI lower, while UK PMIs boosted bonds anew. Weak-ish U.S. PMI at
1445GMT renewed the bid for global core bonds.
- Further Coronavirus headlines likely to be eyed most closely over the weekend.
- Finland and Greece under review by Fitch (Moody`s has Finland too), S&P on
Slovakia; DBRS on ESM, EFSF, and Netherlands. Monday sees German IFO data.
** Latest levels:
* Mar Bund futures (RX) up 32 ticks at 173.35 (L: 172.6 / H: 173.41)
* Mar BTP futures (IK) up 27 ticks at 144.54 (L: 143.83 / H: 144.71)
* Italy / German 10-Yr spread 0.4bps tighter at 155.8bps
* Mar OAT futures (OA) up 18 ticks at 165.64 (L: 165.07 / H: 165.77)

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