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EGBs are extending higher

BONDS
  • Bund pushes through session, with the supply out of the way.
  • Some will look for resistance at Monday's high, but better is seen around the 132.06 area.
  • Volumes and turnarounds across assets are below averages, helping exacerbate the moves.
  • Further upside momentum, might spill over into Treasuries.
  • US ADP is the only notable data, while Fed Barkin speaks in Colombia, and Powell is before the house, but unlikely to learn anymore that was already said yesterday, besides possibly during Q&A from Powell.

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