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

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
- Peripheral spreads have only seen minor moves today but are generally a little
- 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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