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The US jobs report caused a little......>

EGB SUMMARY
EGB SUMMARY: The US jobs report caused a little volatility in Bunds prices when
they were released with markets unsure to sell on the back of a very strong jobs
number of buy because of weak earnings. In the End the large jobs numbers won
the day, albeit marginally.
- Soon after the bond open yields started heading higher, first in response to a
number of USD swap paying trades in the 7-10Y area and later a large Bund block
trade: 6,519 RXM9 @ 156.99 at 0914:01GMT.
- Notable quantity of downside option trades in the Bobl contract and the 5Y
initially cheapened on the curve. However, 2-5-10Y EUR swap trade noted
mid-morning has pulled back some 5Y underperformance.
- German, French and Spanish industrial production data all came on the weak
side of expectations for January. 
- Core-peripheral spreads quite stable. Bund-BTP 1bp tighter at 134.4bp,
although 10Y+ BTPs heavy ahead of supply next Tuesday.
- 2Y Schatz is +0.3bp at -0.558%, 10Y Bund is +2.4bp at 0.652%.

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