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EGB/GILT SUMMARY: -EGBs started the...>

BOND SUMMARY
BOND SUMMARY: EGB/GILT SUMMARY: 
-EGBs started the opening session on the back foot, with better selling
interest, following the continued rally in Equities, with investors taking a
more positive approach, as multiple countries head towards the path of
re-opening. 
-The German strip, Bund, Bobl and Schatz traded through their respective lows,
which was also relate by large supplies from Italy, the Netherland and the
German 2yr tap. 
-The demand for the 2yr was the largest in 13 years. 
-The pullback in core EGB, benefited some peripheral on the Risk tone, but also
a continuation from the France/Germany Fund proposals, which would benefit most,
countries like Italy and Spain. 
-As such, Italy and Spain 10yr spreads are tighter against the Bund, trading
6.4bps and 4.6bps tighter respectively. 
-GILTS volumes has been all about the June/Sep spread, trading close to 55k,
just for the outright. 

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