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Decent Size Bid Emerges

EGBS
  • Seeing a decent bid across EGBs with only Spain lagging the move.
  • OATS marginally lead the move, currently -4.9bps but Bund yields are also now -4.6bps at 2.488% and sticking with yields pushes through Friday’s pre-US data lows.
  • No obvious headline driver for the move in holiday thinned markets.


Bund yieldsSource: Bloomberg

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