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CREDIT UPDATE

$IG index prints are unch to wider ahead of a expected 8 issuer slate. €IG is skewed wider but not to the extent of $IG's last 2 sessions - most of the major movers are supply linked (Unicredit & Booking.com). Rates unch in low vol morning with only macro of note ahead the Conference Board Survey for Feb (3pm Lon/10am ET) - our US Economist notes its labour differential gave a early read to bullish Jan labour market conditions that were later confirmed by a bumper NFP print. S&P futures are +0.1% with low pre-market vol within the index.

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