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Hearing that a lot of today's price action....>

BUNDS
BUNDS: Hearing that a lot of today's price action is technical. The initial
catalyst was the weakness in equities but the 159.24/28 seven week bull channel
was quickly breached. The Bund yield hit another low since January. However, the
Bund-Tsy 10Y spread is at 227.4bp today, well down from yesterday's 30 year peak
of 232.5bp.

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