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EGB/GILT SUMMARY: Pause for cause. ....>

BOND SUMMARY
BOND SUMMARY: EGB/GILT SUMMARY: Pause for cause. 
-Very little to report on this afternoon, with EGB's and Gilt still trading at
this morning levels. 
-There was one little move of note and this was in the BTP, when the suddenly
dropped just over 10 ticks, with no catalyst or headlines hitting our screens. 
-A tweet: Reuters @Reuters: Italy economy minister says debt reduction can only
be gradual. May have been the cause. 
-Looking deeper into the story, and the tweet was released some 2 hours after
the actual article was released. 
-Most likely, was more flow, order related, especially when considering the thin
liquidity, it wouldn't take too much to move the BTP, and the contract has since
retraced back to where the dip started. -Gilts are flat on the day, with most
market participants focussing on Brexit and any response from the Eu regarding
extensions.
- Bund futures are up 0.25 today at 171.67 with BTP futures down -0.32 at 144.40
and OAT futures up 0.30 at 168.22.

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