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There has been little direction in.....>

BOND SUMMARY
BOND SUMMARY: There has been little direction in core fixed income this morning
with USTs, Bunds and gilts little changed compared to yesterday's settlement.
- The economic data calendar has been quiet this morning with Italian confidence
data disappointing but French confidence data better than expected. The calendar
will ramp up into the US session with the second release of Q3 GDP, October
durable goods, personal income/spending, pending home sales, claims and the MNI
Chicago PMI. After Europe leave the office the Fed's Beige Book will also be
released.
- There will also be focus on month end with potentially earlier moves ahead of
tomorrow's Thanksgiving holiday.
- TY1 futures are down -0-1 today at 129-21 with 10y UST yields unch at 1.742%
and 2y yields up 0.3bp at 1.587%.
- Bund futures are down -0.01 today at 171.44 with 10y Bund yields down -0.5bp
at -0.378% and Schatz yields up 0.1bp at -0.642%.
- Gilt futures are down -0.08 today at 132.60 with 10y yields down -0.5bp at
0.645% and 2y yields down -0.5bp at 0.483%.

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