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Further buying momentum going through

BONDS
  • Upside continuation in Govies, TYM3 bought in 7k, USM3 1k, FVM3 2.5k and UK Gilt 1k.
  • The Tnotes/Bund spread is back at flat, but still trades close to the 100.00bps handle, now at 102.2bps.
  • These are the tightest levels since 2014.

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