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Fairly subdued start of the session, with.....>

BONDS
BONDS: Fairly subdued start of the session, with better selling emerging now in
Govies.. Looks more like positioning and likely short term squaring ahead of
PMIs.
-Bunds are at the lows and so are Tnotes.
In FX: USD is better bid in G10 now on the back of Treasuries.
-DXY at the high or hovering near.

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