Global core bonds ended with good gains

On Wednesday, global core bonds ended with good gains. Overall, risk was off yesterday, the euro and equities lower; spread widenined, as investors got cold feet ahead of the moment of truth. The German bund and the March Note Future got a first shoot higher after a strong German Bobl auction. Around the same time, an unnamed German government official spooked investors’ minds by being pessimistic about the upcoming summit. While it is unclear to us why markets had to react on the man’s

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