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  • 2y/10y bunds closed -5bp/-4bp richer after Dovish comments from ECB’s Lane and Villeroy allowed EGBs to rally.
  • €IG/€HY closed +1bp/+4bp with short-dated IG spreads underperforming by just over 1bp and all sectors wider with Energy the worst performer at +2bp. Fins are the only sector tighter WoW at -2bp vs. -1bp for the broader index.
  • SXXP closed +0.3% with Energy and Utils +1% while Health lagged at flat. €IG movers included Worldline +7%, Alstom +6%, Vestas Wind +5%.
  • Asian equities are broadly flat but mixed with CSI 300 -0.4% while Stoxx 50 futures are +0.2%. Up today:

GMT/Local

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  • 2y/10y bunds closed -5bp/-4bp richer after Dovish comments from ECB’s Lane and Villeroy allowed EGBs to rally.
  • €IG/€HY closed +1bp/+4bp with short-dated IG spreads underperforming by just over 1bp and all sectors wider with Energy the worst performer at +2bp. Fins are the only sector tighter WoW at -2bp vs. -1bp for the broader index.
  • SXXP closed +0.3% with Energy and Utils +1% while Health lagged at flat. €IG movers included Worldline +7%, Alstom +6%, Vestas Wind +5%.
  • Asian equities are broadly flat but mixed with CSI 300 -0.4% while Stoxx 50 futures are +0.2%. Up today:

GMT/Local

Keep reading...Show less