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Global Bonds started the London........>

BOND SUMMARY
BOND SUMMARY: Global Bonds started the London session better bid on safe haven
buying. Although US and EU Equities started the session on a more positive
footing, Risk Off gained the upper hand, helping Bund breaking through the
previous all time high at 177.74, to print 177.84 high this morning. 
US Treasuries, followed suit with decent buying flow noted in the 2yr and 10yr
part of the curve. 
GILTS were better bid ahead of the Earning data, led by the German curve, but
have since retraced somewhat with a better employment and Earning data. Gilts
are off their highs (134.69) and trading at 134.51 at the time of writing. 
Peripherals have started the day 2bps wider against 10 year Germany, with
volumes on the lower side. 
Option space flow have been quite subdued, with most notable trade targeting
upside in TYU9, via call ladders.

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