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Global bonds are recovering from.......>

BOND SUMMARY
BOND SUMMARY: Global bonds are recovering from weakness in early trading Friday,
alongside a tentative stabilisation in equities following two days of routs.
- The US Dec 18 T-Note future is down 9/32 at 118-35, having weakened steadily
in overnight trading to hit low of 118-00 before rebounding. Curve slightly
steeper, 2-Yr yield up 1.7bps at 2.8652%, and 10-Yr up 1.9bps at 3.1688%.
- JGBs are slightly higher, Dec18 future up 2 ticks at 150.14.
- Eurozone IP grew by 1% m/m in August- above the median estimate of 0.4%
significantly, though this did not have a major impact on EGBs. The Dec 18 Bund
future is down 12 ticks at 158.23, having traded in a range of 157.95-158.26.
- Italian BTPs are a stronger as risk appetite has revived; Dec 18 future up 44
ticks at 120.23.
- Short Stg strip up 1.0-2.0 ticks; Eurodollars off 3.0-4.0 from Reds onward.
- Key data for rest of day includes US import/export price data crosses at
1230GMT, followed by UMich confidence survey for October.
- Central bank speakers due today include Fed's Evans and Bostic and ECB's
Draghi appears at the IMF conference in Bali Saturday.

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