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German bond futures have traded with a........>

BUNDS
BUNDS: German bond futures have traded with a downward bias today with early
losses setting the tone. Bund futures gave back early gains after failing to
take out Friday's highs, and last trades down 12 ticks at 163.080.
- Friday's gains on the back of weaker PMI readings have shifted the outlook
positive, negating a series of topping patterns that were previously in place. 
- The curve steepening seen at the end of last week reflected the large drop in
short-end yields, bringing to an end a lengthy period of flattening. This
occurred amid breakevens hitting fresh cycle lows, falling to mid-2017 levels.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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