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Govies pare gains

CROSS ASSET
  • Govies pare some gains, just normal order flow.
  • Bund noted resistance at 154.99 has held, traded 154.97 high.
  • Broader base selling going through, albeit in small, likely driven by prop desk and locals.
  • Estoxx futures has held the initial resistance pointed at 3836, printed a 3834 high.
  • No impact in FX, with USD off its lows, but still deep in the red against all G10s

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