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EGN's have traded within ranges........>

BOND SUMMARY
BOND SUMMARY: EGN's have traded within ranges during the European morning
session. -Volumes have remained subdued, and given the lack of data, all the
attention is once again on syndication. German EUR 50yr tap plan, and {fi}
Finland looking to tap a 20yr EUR . 
- Germany strip sees small bear steepening, following a big bear flattening day
yesterday. 
-Peripheral spread have been mixed, Greece trades 4.6bps tighter vs the German
10yr, while the likes of Italy sits 1bps wider. 
-Portugal tapped 5 and 10 yrs, and the Portugal/Bund spread trades 3.3bps
tighter at 92.7bps this morning. 
-Gilts continues to act as a safe haven Bond, and as such have been underpinned
in early trading, ahead of scheduled 2036 linkers. 
-US treasuries have remained range bound, with investors preparing for the Fed
meeting later today. 
- Bund futures are up 0.18 today at 173.64 with BTP futures down -0.07 at 140.84
and OAT futures up 0.06 at 164.80.

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