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SG Rates Research believe that expectations...>

BONDS
BONDS: SG Rates Research believe that expectations for anything material at
today's ECB meeting are low and "see value in paying the from end.
- They see "no great concern on Catalonia, which is a good reason to underweight
SPGBs vs BTP".
- In the UK, SG sees large coupon and redemption payments supporting the Gilt
market.

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