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PacWest-Generated Worry Counters BoE Impetus

BONDS

As flagged elsewhere, fresh headline worry surrounding PacWest (and therefore the wider regional U.S. banking sector) seems to have put broader equity and bond market moves on a risk-off footing over the last hour or so, with Gilts paring the bulk of their initial BoE-inspired losses, wider core global FI markets pushing to richest levels of the session, S&P 500 e-minis moving into the red and crude oil futures pulling lower.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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