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EGB's price action was mostly led by....>

EGB SUMMARY
EGB SUMMARY: EGB's price action was mostly led by FX this morning, with the USD
better offered against most G10,
-DXY made new lows, providing a bid to the EURUSD (most weighted on the Index),
in turns keeping Bunds under pressure in early trading.
-Bund saw stops triggered below 173.00, with 5k lots sold, printing a 172.91 low
on the day.
The German 10 yr has since faded losses to trade circa 173.00 at the time of
typing.
- Bund futures are down -0.89 today at 173.04 with BTP futures down -0.58 at
144.99 and OAT futures down -0.97 at 169.21.
-Peripherals are wider against the German 10yr, also trading in negative
territory outright, like most major Govies.
-EGB's are settling somewhat, awaiting the for the US to come in.
-Focus turns to US data this afternoon.

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