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Equities Back to Flat as Price Action Picks Up Into US Hours

CROSS ASSET
  • Price action picking up headed into NY crossover, with e-mini S&P adding around 10-15 points to turn back into positive territory, alongside a slip lower in the greenback.
  • US yields also undo the move higher during European morning hours, with the US 10yy back to 4.10%. No headlines or newsflow to drive the move here, but noting an uptick in volumes across a number of assets.
  • Volumes across core fixed income picking up: Bobl lifted in 5k, TYZ2 in 5k.
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