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EGBS: Modest Selling As Lagarde Refuses To Label Direction For Rates As Clear

EGBS

EGBs also slip in the wake of those same comments from Lagarde, driven by the hawkish adjustment in the short end.

  • Prior session lows intact and mostly untested across major EGB futures.
  • Selling pressure proves to be short-lived and modest in the grander scheme of things, which is understandable given the degree of weakness seen in recent sessions.
  • German yield curve slopes and EGB spreads to Bunds little changed in recent trade.
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EGBs also slip in the wake of those same comments from Lagarde, driven by the hawkish adjustment in the short end.

  • Prior session lows intact and mostly untested across major EGB futures.
  • Selling pressure proves to be short-lived and modest in the grander scheme of things, which is understandable given the degree of weakness seen in recent sessions.
  • German yield curve slopes and EGB spreads to Bunds little changed in recent trade.