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Light Defensive Flows On Latest Russia Headlines

CROSS ASSET

Re: the U.S. comment on an increase in Russian troops near the Ukrainian border, NATO had already pointed to an uptick in Russian troops near Ukraine. Specific numbers may be providing a negative tinge to the resulting price action, in addition to prevailing market jitters/wider Western acknowledgement of such a move. E-minis turn offered and U.S. Tsy futures catch a small bid on the headlines.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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