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Local Rates Claw Back Some Ground

  • Local rates bull flattening at the open to claw back some of yesterday's selling activity brought on by a spike higher in US Treasury yields.
  • Duration took the hit in yesterday's session to the tune of roughly 18bp, while the front end looks mostly stable.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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