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EGBs/GILTs: Core European govvies......>

BOND SUMMARY
BOND SUMMARY: EGBs/GILTs: Core European govvies trade firmer this morning. 
- UK PM Boris Johnson called his first new cabinet meeting today. Markets are
still digesting the impact of Chancellor the Exchequer Sajid Javid resigning and
being replaced by the little known Rishi Sunak. 
- Gilts have rallied with yields broadly 3bp lower on the day and the curve
trading close to flat. 
- German GDP for the fourth quarter printed slightly higher than expected in Y/Y
terms (0.4% vs 0.3% survey).
- Bunds trade marginally stronger. Current yield levels: 2-year -0.657%, 5-year
-0.613%, 10-year -0.398%, 30-year 0.121%. 
- BTPs have sold off with performance mixed across the curve. 
- French OATs trade close to unch on the day. Current yield levels: 2-year
-0.625%, 5-year -0.480%, 10-year -0.155%, 30-year 0.632%

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