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German government bonds are trading.....>

EGB SUMMARY
MNI (London)
EGB SUMMARY: German government bonds are trading lower in the close Tuesday but
off their worst levels after the ECB clarifies that "Nowotny's views do not
represent the governing council" and "his views are his own".
- Bunds fell sharply following comments from ECB Nowotny reportedly saying "ECB
could lift deposit rate to -0.2% from -0.4% to start process of rate hikes" and
"ECB will end bond buys this year."
- Bunds opened moderately higher, despite the risk-on sentiment after Chinese
President Xi delivered a very measured message stressing that China wants to
promote global multilateral free trade. Squeeze higher in Bunds following Bund
block trade for 7.053k at 159.42 reported at 0716GMT. Bunds then faded ahead of
heavy slew of supply.
- Netherlands sold E2.005bln 2024 DSL, Austria sold E1.15bln 2028-2037 RAGBs,
Germany allotted E407mln 10-Year linker, UK sold Stg2bln 2057 Gilt. 
- EFSF priced E3bln new long 8Y E3bn at MS -17bps.
- Ireland priced E4bn new 15Y bond at MS+4bps-final books above E12.5bln.
- German 10-year Bund yield is 0.8bps higher at 0.512%.

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