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Fades downside morning pressure

EGB FLOWS

Decent buying emerging back in Govies, initially weighted by supplies.

  • Risk remains tilted to the upside, with plenty of risk still ahead.
  • Volumes have picked up today and no surprise in seeing large front Euribor volume at 114k, following the 3 Months fix.
  • OAT lifted in close to 2k in the past few minutes and similar flows in Bund, but still trading within the morning ranges.

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