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German bond futures are having another........>

BUNDS
BUNDS: German bond futures are having another quiet session with the 10year
trading flat just shy of yesterday's highs at 163.30, a level which also marks
Friday's high. While Friday's highs remain intact across the curve, last week's
false break lower keeps the outlook positive.
- Breakevens extended their declines yesterday but their drop has been much more
mild relative to the US, largely explaining the sharper decline in US yields.

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