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Fresh lows for EGBs

CROSS ASSET
  • Markets are unmoved from ECB speakers today, Bund and BTP are back at session lows, BTP is still underperforming and would see next support at 4.18% = 114.39.
  • Risk Off and the French CAC40 under pressure has been the driver across multi assets, keeping the pressure on the EUR, with the Currency in the red across most G10s, as well as the French OAT.
  • Next support in OAT is at 3.400% = 122.13.
  • Initial support in Bund is seen at 130.25, followed by 2.650% = 129.97.

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