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Govies and Rate futures are pushing lower

BONDS
  • European Govies and Euribor strip remains under pressure.
  • Gilt is leading futures lower in turn pushing the Gilt/Bund spread wider, by 3.3bps.
  • UK 10yr Yield is close to move above the US 10yr.
  • Small outperformance in Treasuries futures, is still pushing the Tnote/Bund spread tighter.
  • Support is seen at the 13/10/20 low, 128.28bps in the spread, now trading just below 130.00bps.

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