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With Asian markets mostly closed........>

EGB SUMMARY: With Asian markets mostly closed overnight for the lunar New Year
and the US closed later today for the President's Day holiday Monday was not
threatening to be filled with high volumes and excitement.
- The 10Y Bund yield is 1.8bp higher, which almost entirely reflects a catch-up
to a late sell-off in Treasuries on Friday. Greek debt is down 2bp in the 10Y
area, not much considering that Fitch upgraded its rating on Friday to B (pos)
and was largely unexpected given the 2 notch upgrade from the same agency last
- European equity markets have opened slightly higher across the board. The euro
is stable against the dollar.
- Spanish Economics Minister De Guindos is expected to get the VP nomination
from the Eurogroup later today in what some see a worrying development for the
ECB's independence of a politician being put on the Executive Board.
- Data is limited, just Eurozone Dec current account and construction output.
Slovakia sells a very small amount of debt. 

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