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With a light data calendar, focus is...>

BOND SUMMARY
BOND SUMMARY: With a light data calendar, focus is centred on the latest stage
of the Brexit saga after British lawmakers voted to take control of the process.
- Gilts trade slightly softer with yields ~1-2bp higher. The curve trades close
to unch on the day.
- US TSYs have been under a little pressure this morning with yields ~3-5bp
higher across the curve, with the belly underperforming. Current yield levels:
2-year 2.291%, 5-year 2.301%, 10-year 2.444%, 30-year 2.896%.
- The Jun 19 JGB future trades at 152.90, 1 tick off the low for the day.
- Bunds are trading near yesterday's closing levels with modest flattening at
the very long end. The 2s30s trades at 113.6bp down from 116.1bp.
- French OAT yields are 1-2bp higher. This morning's Q4 GDP data was broadly in
line, while the INSEE Business and Manufacturing surveys for March were a touch
higher.
- Euro$ futures are 2.5-6.0 ticks lower with whites/reds underperforming.
Euribor futures are broadly flat.

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