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EGBs jump higher

BONDS
  • The lower Inflation expectation survey from the ECB, 3.9% over next year vs 4.1%, as well as the lower revision for EU Services PMI and Composite also falling into contraction has provided a 36 ticks jump for Bund, and EGBs.
  • A good little squeeze for Bund, and resistance is still seen at 133.88 initially.

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