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HUNGARY

‘Hawkish’ NBH Halts TRYHUF Momentum

US TSY OPTIONS

Put spread buyer

EQUITIES

China Bounce Fades, Hang Seng Closes Lower

EGBS
EGBS: ***Report from the EGB quarter end repo market: bonds are looking a lot
less expensive than in the June quarter end. OATs and OLOs are called out as
being surprisingly cheap relative to June's experience.