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It has been a busy afternoon session....>

EGB SUMMARY
EGB SUMMARY: It has been a busy afternoon session for EGBs, with Risk on driving
directions throughout the day. 
-The HUGE surprise, came from the US NFP, coming at +2.5mln versus a range
expectations varying from -12mln to -800k. 
- The key to this beat was workers returning from temporary layoff. -US
Treasuries sold off hard, while US Equities spiked to levels not seen since
March, in turn pushing Bunds lower and EU indices (estoxx)through new highs of
the day. 
-The move lower in core EGB, Germany and France benefited peripheral spreads. 
-Greece is once again leading the pack tighter with the Greek spread 8.5bps
tighter at the time of typing. 
-Italy sits at 5.5bps, Spain at 4.4bps and Portugal 3.8bps. 
*Sep Bund futures (RX) down 67 ticks at 172.83 (L: 172.57 / H: 173.66)
* Sep BTP futures (IK) down 5 ticks at 141.26 (L: 140.91 / H: 141.73)
* Italy / German 10-Yr spread 4.8bps tighter at 169.3bps
* Sep OAT futures (OA) down 46 ticks at 164.35 (L: 164.1 / H: 164.81)

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