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Risk Off tone continuation

CROSS ASSET
  • Over 40 points down in Estoxx, and some momentum selling after breaking below 4100.
  • The Bunbas evacuation headline was the driver.
  • S&P getting dragged lower. Nasdaq sold in 2k
  • Bund bought in 5k, Bobl 5k, FVA in 4k, TU1 3k, USA 1.2k.

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