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/EGBs-GILTS: Asia-Pac session..........>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Asia-Pac session weakness in Bunds (on US 20-Yr
supply announcement, strong China econ data) has been reversed in the European
morning. Gilts jumped at the open.
- The bounce has come alongside rising equities, so not a risk-off bid.
- Indeed, BTP 10-Yr 4.8bps tighter vs Germany at 160.7bps.
- Mar Bund futs down 9 ticks at 171.63 (L: 171.46 / H: 171.71), while Mar Gilts
down 6 ticks at 133.36 (L: 133.21 / H: 133.41). Both curves modestly steeper.
- UK Dec Retail sales headline this morning`s calendar (0930GMT).
- Other data includes final Dec Eurozone inflation and construction (1000GMT).
- No ECB/BoE speakers lined up Friday.

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