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ECB-Dated OIS Drift Higher Helps Keep Pressure On Pre-ECB

EGBS

The previously covered upward drift in terminal pricing on the ECB-dated OIS strip keeps EGBs on the defensive pre-meeting, with the Bund curve bear flattening (a theme observed across most of the EGB curves) as 10-Year yields show just above 2.50%, while GGBs and BTPs hold the bulk of their previously covered widening (at the 10-Year point).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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