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

MNI (London)
EGB SUMMARY: German government bonds are lower into the close Monday with the
belly of the curve underperforming.
- 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. Pres Xi
is expected to address the event 2130-2330ET.
- Ireland 10-year yield spread is 1bps wider at +41bps vs Bunds after
announcement of Ireland's new syndicated 15-year deal. Widened to +41.5bps
- The EFSF mandated banks for new 8-year deal.
- German 10-year Bund yield is 1bps higher at 0.508%.
- German 2-/5Y yield spread is 0.6bps steeper; 5-/10Y spread is 0.2bps flatter.

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