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Markets Quiet Post-NFP

CREDIT UPDATE

$IG index is still pointing to a move tighter while the equities basket is red across the board - diverging from local equities today. Real Estate names leading the losses (-2.8%), Financials faring the best (unch) - not just the majors outperforming broader index today - KBW regional banking ETF flat as well. €IG spreads (against bunds) still look skewed tighter heading into the close.

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