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Bond futures pare early losses

CROSS ASSET
  • Some reversal in German futures, with Buxl back at flat, while Bund is back at the upper end of today's range.
  • Some likely cover, ahead of a Bank Holiday weekend for the UK.
  • German 5s/30s unwind some of the bear flattening noted this morning, now at 6.54 from a 3.551 low.
  • Some divergence between Estoxx and Emini, as Extoxx bounce off the lows, while Emini sees further selling interest, ahead of expiry.

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