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CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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- The risk-off tone in equities is.....>

BOND SUMMARY
BOND SUMMARY: - The risk-off tone in equities is underpinning the rally in US
TYSs. The 10-year TSY yield has pushed down to 3.091% from 3.115%.
- JGB yields have similarly drifted lower with the 10-year inching down to
0.099% from a high of 0.117%.
- German bunds have rallied across the curve. The 2-year yield has traded down
to -0.645% from a high of -0.632%.
- The French OAT curve has steepened with the 2s10s spread widening to 118.3bps
from 115.6bps
- On the back of the shorter end underperforming the Italian BTP curve has
flattened. Trading ranges for yields are 3-7pp across the curve.
- The short end of the gilt curve has sold off and the longer-end has rallied.
The 2s30s spread has narrowed to 110.9bps from a high of 112.0bps.
- Euro$ futures are 4.5-5.5 ticks higher in the reds-blues. The Euribor futures
strip has flattened with greens/blues up 2.0-3.0 ticks.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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