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US, UK and Germany bear steepening

BONDS
Small bear steepening continuation in US, Gilts and German 5/30s, as we unwind some of the week flattening bias going into the weekend.
  • UK 5/30s is just short of the week high at 90.569, now at 89.925
  • Bund 5/30s week high is at 88.962, now at 88.51
  • US is still short of the week high at 126.805, now at 121.237

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