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Further flattening bias

BONDS
  • US curves, sees 5s/30s flattest since March 2020 while the 2s/10s drifts towards lowest level since the 5th August.
  • UK 5s/30s is flattest since 10/03/20.
  • UK 2s/10s eye a test at the October low 40.14, now at 41.391

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