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Roll pace update

BONDS
  • Gilt volume is now all spread related, after running at way below average pace this morning, it has now doubled from 8% in early trade to 16% now
  • It is still too early for Europe and Bund, with little traded in the spread and most of the volume going into the front month.
  • Expiry for Bund is on the 8th March, and we should start seeing a pick up next week.

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