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EGB/GILT SUMMARY The UK curve has......>

BOND SUMMARY
BOND SUMMARY: EGB/GILT SUMMARY
The UK curve has seen most of the action in early trading, with the contract
pushing through new intraday lows, with stops noted on the way down. All led by
the huge GBP rally.
-EGB's have stayed within ranges in a fairly subdued start for our London
session.
-Bund upside was capped by Heavy Supply, with Spain and France tapping the
market, and are trading closer to its low at the time of typing.
-BTP have traded inline with the German curve and are trading into negative
territory, down 42 ticks on the day.
* Dec Bund futures (RX) down 72 ticks at 174.99 (L: 174.82 / H: 175.76)
* Dec BTP futures (IK) down 61 ticks at 144.93 (L: 144.75 / H: 145.81)
* Dec OAT futures (OA) down 75 ticks at 170.95 (L: 170.83 / H: 171.74)
* Dec Gilt futures (G) down 70 ticks at 133.25 (L: 133.12 / H: 134.08)
* Italy / German 10-Yr spread 2.1bps wider at 150.6bps

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