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EGB's demand did not abate during......>

BOND SUMMARY: EGB's demand did not abate during our afternoon session.
-Bund tested higher, following comments from Merkel: "Germany sticking to zero
deficit spending."
-Merkel's comment was made in the context of the nation's climate plans.
-EU Consumer Confidence coming in stronger at -6.5 vs -7 expected, but the
latter had very little effect on price action.
-Peripherals have tightened this afternoon, beside Italy which saw some outright
selling in BTP futures ahead of the weekend.
-The currency started on the front foot following overnight comment from Juncker
that a deal was possible., but things quickly turned sour,on reports that EU
feared Brexit talks were going backwards.
-USD was bought across the board against G10 and EM when the US started to come
in, and that push the GBPUSD back below 1.2500, forcing Gilts higher.
-Gilts printed a high of 132.81 and have settled back to 132.62 at the time of

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