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It has been a risk-on day today with....>

EGB SUMMARY
EGB SUMMARY: It has been a risk-on day today with equities moving higher and
Bunds moving lower as markets enter a busy week for policy with the ECB meeting
on Thursday and the Fed meeting the day before on the Wednesday.
- Spreads have narrowed today, with the higher beta BTP and GGB spreads leading
the tightening. BTPs were helped on the open as they avoided a ratings downgrade
on Friday.
- There has been little more in the way of news today that has shifted the
market. ** Latest levels:
* Jun Bund futures (RX) down 34 ticks at 172.42 (L: 172.23 / H: 172.91)
* Germany: The 2-Yr yield is up 3.8bps at -0.667%, 5-Yr is up 4bps at -0.623%,
10-Yr is up 2.6bps at -0.447%, and 30-Yr is up 3bps at -0.058%.
* Jun BTP futures (IK) up 152 ticks at 138.44 (L: 138.18 / H: 139.01)
* Italy / German 10-Yr spread 10.2bps tighter at 221bps
* Jun OAT futures (OA) up 8 ticks at 166.85 (L: 166.45 / H: 167.2)

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