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EGBs drifting lower

BONDS
  • Bund, BTP, OAT are drifting lower, with peripheral spread trading close to flat against the German 10yr.
  • Contracts are still well within Yesterday's ranges, and initial small target in Bund is still at 133.10, not a tech level.
  • Quite a mixed start for Equities, with Estoxx futures seeing 10 points swings since the cash open.

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