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Volumes stays elevated in Govies and Rates futures

CROSS ASSET
  • BTP has managed to hold, and has failed to break the August high that was at 115.56, did print a 115.59.
  • Latest flow is seeing seller of BTP and OAT, 1k respectively, but overall flow, still sees a two way price action in way above averages volumes going through on both sides (buyer/Sellers).
  • Rolling into December is still subdued so far, only around 40k-50k of the front Month volume is spread related in Bund, slightly better in Schatz with just 70k.

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