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German government bonds are lower.......>

EGB SUMMARY
MNI (London)
EGB SUMMARY: German government bonds are lower into the NY session but off their
worst levels with the yield curve holding steeper.
- Risk-on dominated sentiment in early trading with stocks gaining after
President Donald Trump in comments on Twitter early Sunday saying China will
relax its trade restrictions in response to US pressure "because it's the right
thing to do". 
"Taxes will become reciprocal & a deal will be made on Intellectual Property,"
added Trump.
- Attention now turns to comments from Chinese President Xi Jinping on Tuesday
at Boao Forum for Asia in Hainan, China for the next directional move.
- Some unwinding in safe-haven flows also seen following news reports that
"North Korea is prepared to discuss the denuclearization of the Korean
Peninsula" when North Korean leader Kim Jong Un meets President Donald Trump in
May, citing unnamed US officials. 
- German 10-year Bund yield is 0.3bps higher at 0.50%.
- German 2-/30-year yield spread is 0.5bps steeper at +174.8bps.

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