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The move higher in Bunds seems to be....>

EGB SUMMARY
EGB SUMMARY: The move higher in Bunds seems to be relentless. 10y yields at time
of writing have fallen to -0.594%, down just under 6bp on the day with the curve
flattening and 30y yields down almost 9bps on the day to -0.124%.
- China have raised the fixing rate for USDCNY, German IP has fallen to its
lowest level since November 2009 on a Y/Y basis and the French trade deficit has
widened. Expectations of ECB easing continue to build while Brexit talks appear
to be going nowhere fast. Elsewhere, today's Bobl auction was technically
uncovered.
- Peripheral spreads have only seen minor moves today but are generally a little
tighter.
- Bund futures are up 0.87 today at 177.45 with 10y Bund yields down -5.7bp at
-0.594% and Schatz yields down -1.8bp at -0.842%.
- BTP futures are up 0.64 today at 140.83 with 10y yields down -6.0bp at 1.452%
and 2y yields down -1.6bp at -0.38%.
- OAT futures are up 0.91 today at 169.25 with 10y yields down -6.7bp at -0.333%
and 2y yields down -1.5bp at -0.752%.

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