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BONDS: Long End leads

BONDS
  • The longer end Germany and Treasuries have been leading lower in early trade, this has kept the curve steeper, German 2s/10s pushes to its steepest level since the 25th November, next upside area comes at 20.00.
  • US Cash are still cheaper, belly outperforms, 5s/30s is at Yesterday's high, this was also the steepest print in over a Month, since 8th November.
  • US 2s/10s was steeper but has faded to sit flatter so far on the Day.

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