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Germany 5/30s testing the June peak

BONDS
  • Better selling on the margin of Bund and Treasuries since the US have joined.
  • US curve is still fairly flat, while Germany moves once again bear steeper, with 5/30s targeting a test at the June peak 80.064bps and highest level since January.
  • A break through the later opens to January high at 84.808bps

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