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With the US budget deal seemingly stalled......>

EGBS
EGBS: With the US budget deal seemingly stalled thanks to some last minute
negotiating by Marco Rubio, today's EGB trading is likely to be strongly
influenced by equity market shifts and risk trades. 
- Note that there is a E13bln Schatz redemption today but no Eurozone supply
until a Italian CTZ on 27 Dec and BTPs on 28 Dec.
- European debt agencies will gradually release funding plans for the coming
year. We know that Slovakia publishes their expectations today. We already have
French, Irish & Belgian programmes. 
- Last year German released its issuance programme on December 19. 
- Keep an eye on Portuguese bonds today as Fitch makes a much awaited ratings
update tonight after the US close.

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