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The German 10Y Bund yield was pushed....>

EGB SUMMARY: The German 10Y Bund yield was pushed lower this morning and is
trading at -2.3bp. Almost all yield curves across the EGB markets are flatter
this morning. The initial upward morning price action in the Bund Dec-17
contract was cash led, which triggered stop-losses elevating prices further. The
contract is trading near its intraday highs of 161.90.
- Once the initial upward move in the Bund had occurred price action ran into
selling with some talk of flattener trade unwinds in the cash market in Germany
between 2Y and 10Y. 
- The swings in the Gilt market were then responsible for some EGB yield
movements. Brexit transition period talk created decent price swings but little
net direction.
- Activity in the peripheral EGB markets was side-lined. Italian and Spanish
spreads to Germany were little changed in the morning session.
- In terms of data, the market awaits the extremely important US CPI data at

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