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- SAGBs seen little changed to a fraction weaker at the open as weaker sentiment filters through from the APAC session.
- SAGBs traded mixed in yesterday's session as US CPI drove volatility across global markets – with the 10Y holding above 9.20 around the 50% fib while the 30Y failed to hold above 10.45 and the 38.2% fib.
- 2Y yields have slowed their ascent in recent days, hovering just below 4.95 resistance while the 5Y CDS sees slowing downside momentum.