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EUR 5Y5Y forward inflation rising nicely.......>

EGBS
EGBS: EUR 5Y5Y forward inflation rising nicely today, indeed as all the nominal
forwards are doing within this bearish steepening environment. At 1.74%, this
ECB-preferred measure of inflation expectations is at its highest since last Feb
and likely helped by a weight of anecdotal evidence of inflation held inside the
Markit PMI reports earlier today. See {FIISEU55 Curncy GP }

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