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Drifts lower in early trade

BONDS
  • Bund sees quite a choppy start, with mini fast market 30/40 ticks moves.
  • So far price action has been more led by market orders as oppose to new headlines, with 7k Bund sold and 6 Bobl sold
  • BTP and OAT led the rallies yesterday, and watch BTP, with already 130 ticks range, and down over 100 ticks at one point, now just off the lows.

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