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Peter Chatwell and Antoine Bouvet at Mizuho....>

EGBS
EGBS: Peter Chatwell and Antoine Bouvet at Mizuho keep their "Bund bullish view
today on benign supply and positive price action at the short end yesterday. The
risk-reward of being long BTP in the short term is poor until more clarity
emerges from German coalition talks".
- In particular, they "think positive price action led by the short-end should
continue today after the supply, also helped by reinvestments of an old 5Y BGB
redemption."

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