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Govies and Equities pare gains

CROSS ASSET
  • Bund sold in 5k, Schatz 6k, BTP 1k, OAT 1.5k, profit taking, as investors fade the post US data and ECB gains.
  • This week's high in Bund of 134.66 is untested.
  • US Treasuries and US Equities are seeing similar flow, NQH4 is sold in 5k.

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