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/EGBs-GILTS: European core FI has......>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: European core FI has pushed sharply higher in early
trading Wednesday morning, perhaps in delayed reaction to overnight headlines
suggesting the U.S.-China detente is not as strong as some may have hoped.
- Mar Bund futures (RX) up 32 ticks at 171.33 (L: 171.01 / H: 171.45); Gilt
futures (G) up 36 ticks at 132.77 (L: 132.58 / H: 132.78).
- Despite today's scheduled signing of the Phase One deal (1630GMT), RTRS/WSJ
reported the trans-Pacific battle over technology will continue; while further
tariff cuts to until after US elections in November.
- Supply continues apace... Belgium selling Jun-30s and Italy new Sep-50s. And
Germany has a regularly scheduled Aug-50 sale as well.
- Central bank speak includes BoE's Saunders at 0840GMT, a dove, but
higher-than-usual importance given increasing rumblings of an MPC rate cut as
soon as this month.
- UK inflation data at 0930GMT the highlight of the morning; Eurozone industrial
production (1000GMT) of some interest as well.

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