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Supply Expectations (bbg)

CREDIT MACRO
  • $IG at $15b down from $25b last week (actual $12b)
  • € & £ IG/HY (incl. covered) at ~€15b unch from last week (actual €18b).
  • $ETF flows continued to remain net flat on Friday.
  • Public holidays on Wednesday across most of Europe (ex. UK) for Labour day. Next week has UK labour day (Monday) & some public holidays in Europe on Wednesday/Thursday for VE/Ascension days.

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