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Pare opening losses

BONDS

Some early reversal in core Govies, no new headline or clear trigger.

  • Initial bid looked to have been US led with a pick up in buying volumes in the longer part of the curve (TYM1 lifted in 5k around 132.12)
  • US and German curve lean flatter
  • No impact in USD, given that US yields still trade in the past 3 days range

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