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Following on the heels of recently.....>

BOND SUMMARY
BOND SUMMARY: Following on the heels of recently released country-level
industrial production data, this morning's eurozone IP print came in below
expectations (-4.1% Y/Y vs -2.5% survey) and confirms the persistent weakness in
the manufacturing sector.
- The Riksbank left its key policy rate unchanged at 0.00%.
- The data calendar is light for the rest of the day.
- Bernie Sanders narrowly won the New Hampshire Democratic primary.
- UST cash yields are 1-2bp higher. Current yield levels: 2-year 1.456%, 5-year
1.436%, 10-year 1.618%, 30-year 2.082%.
- Gilts have traded weaker with the curve marginally bear steepening. 
- The bund curve has similarly steepened with 2s10s widening 2bp.
- BTPs have rallied strongly with the longer end of the curve outperforming.
Current yield levels: 2-year -0.222%, 5-year 0.305%, 10-year 0.938%, 30-year
1.964%.

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