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Very little of note during our London...>

EGB SUMMARY: Very little of note during our London morning session. - MNI
interviewed the ECB Lautenschlager, who has stated that there is no need for
more QE and the positive effects of more rate cuts are unclear. 
-Bunds had a quick knee-jerk move, but have since faded and back within mid
ranges, flat on the day. `
-BTPs are elevated, but also trading range bound. It has been a much quieter
session for the contract following an impressive rally this week. The
expectation that a government will soon taker over, has kept the Bond into
positive territory, up 19 ticks on the day. 
-Peripherals are 2-3bps wider against the German 1oyr, with only Italy spared
with the spread 2bps tighter at 164.9 
- Bund futures are down -0.01 today at 178.93 with BTP futures up 0.20 at 146.14
and OAT futures down -0.15 at 170.27.

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