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Extend lower, with large volumes

BONDS

Large cumulative volume selling is going through

  • Bund in 5k, Bobl in 5k, Schatz in 11k, TY in 3k,and OAT in 1k.
  • Not seen a catalyst, and unlikely related to the German auction, since it was well covered.
  • No spillovers into or from Equities

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