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US sentiment firms up for open

CREDIT UPDATE

CDX IG/HY -1/-3bps tighter on the open, S&P futures flat with low vol in pre-market. €IG is still pointing to a +3-8bp move, worse than Friday's +3bp index close & one without a bund rally (i.e. yields coming out higher). Positive in flows with $IG ETF LQD finally breaking a 8-straight session of outflows with a $600m inflow yesterday.

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