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- US treasury yields have ticked up....>

BOND SUMMARY
BOND SUMMARY: - US treasury yields have ticked up this morning. The 10-year
benchmark trades at 2.886% from 2.869%.
- The longer end of the JGB curve has sold off slightly with the 10-year yield
edging up to 0.106% from 0.099%.
-  The German bund curve has steepened on the back of the long end selling off.
The 2s10s spread has widened to 93.6bps from 90.7bps while the 2s30s has traded
up to 160.8bps from 158.7bps. Industrial output data for July came in weaker
than expected at 1.1% Y/Y vs 2.6% survey.
- French OAT yields have moved higher across the curve. The 2-year trades at
-0.415% up from -0.427% and the 10-year is up to 0.706% from 0.691%.
- Italian BTPs have rallied, underpinned by improving market sentiment towards
the government's budget plans. The front end has outperformed with the 2-year
BTP trading at 0.885% down from 0.971%.
- Gilts have sold off and the curve has steepened slightly. The 2s10s trades at
68.3bps from 67.4bps.
- Euro$ futures are 0.5-1.0 ticks lower. Euribor futures trade mixed. 

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