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EGBs Firm In Early Trade

BONDS

EGBs have firmed slightly in early trade with curves bull steepening. With no tier one European data, significant supply or scheduled central bank speakers, markets lack obvious near-term catalysts. As ever, sentiment will be underpinned in part by Covid developments. Government and scientific commentary over the holiday period indicates that the Omicron variant has so far proven less severe than initial concerns.

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