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EGBs and Treasuries drift lower

BONDS
  • Treasuries and EGBs are breaking their tight early range to the downside.
  • The low liquidity means that it doesn't take much size to move the markets.
  • TYA was sold in 9k cumulative (3x 3k), FVA 5k (2x 2.5k) and USA 1k.
  • Support in TYM4 is at 108.19+, ahead of the 108.12+ area, pre NFP level.
  • ERU4 is sold in 5k on the follow in Euribor.

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