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CROSS ASSET

Some focus on EU Govies today

Govies BARCAP

  • US Tsys: +0.09yr (average, small)
  • EU Pan: +0.15yr (LARGE)
  • UK Gilt: +0.05yr (Small)

FX Citi

  • Switches signal given the recent market price action, now flags a weak USD buy, from a marginal sell.
Equity: Citi
  • They suggest that following negative return this month, foreign equity and bond investors may have to buy USD to reduce their hedge

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