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EGBS have opened slightly higher,.......>

EGB SUMMARY: EGBS have opened slightly higher, taking cue from rally in US
Treasuries seen during last hour or so of NY trading. Treasuries pretty much
traded sideways during Asia, but curve is bear flattening now. German 10-yr Bund
is 2.7bp lower at 0.708%.
- Bonds have also been given a slight boost following larger than expected drop
in French flash PMIs for February. German numbers are up next and this will be
crucial to overall European sentiment.
- There is a non-monetary policy meeting by the governing council of the ECB
today and the talk is about whether or not Latvian Rimsevics is allowed to
attend following corruption charges.
- There is no EGB supply scheduled for today so attention will be on raft of UK
data and then after session closes on Fed minutes of Jan FOMC meeting and if
there will be more of a signal that there could be 4 rather than 3 rate hikes
this year.
- EMU periphery are trading higher but are lagging German Bunds slightly with
10-yr Bund/BTP and Bund/Bonos spreads are 1.5bp wider  

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