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BUNDS
  • ECB de Cos says no interest hike is expected in 2022.
  • This goes along with earlier comment from Lagarde, during a Radio interview, when she was still Dovish on inflation, pouring cold water on a 2022 hike.
  • Lagarde's Dovishness was one of the reason for the bounce in Bund, as well as desk looking for yield, with 10yr hovering around 0%, which has been so far defended, with likely receiving flows.
  • bund is at session high, at 169.61

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