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Bund auction: tapping existing 4% jan 18s. Some pre-auction concession, both locally and more importantly yld curve wise. The main POSITIVES' for the auctions' are the recent Asian CB sponsorship for 10yr paper and it's cheap valuations' vs July17s (buyers' with roll above 4/4.25). BUT NEGATIVES...

iTraxx xover on the wides again. Lehman quoting 571 vs yest close at 555. USTs spiked y'day- Heard rumors of bank portfolio selling assets at 20 cents on the dollar, as well as another failed ARS auction. FM buying 2s and 5s

06:55 ITC_Markets1 BUND Tech: Bund supply at 10.00GMT may prevent us from rallying hard in the short-term. France's 15Yr OATi for at least Eur5.0bn is also expected to see allocations/pricing over the course of the moning. Technically, it would be fair to say the recent price action in the Bund...

06:31 ITC_Markets1 Good Morning--- UST yields rose after billionaire investor Warren Buffet expressed interest in some of the businesses of the monoline insurers, (municipals, specifically), and the equity market rallied. However, Ambac, one of the monoline insurers, fell over 10% y'day...

Morning Recap: USTs continued to rally on Monday despite decent gains in equities, as AIG disclosed problems in its credit portfolio and credit continued to widen generally (iTraxx hit record highs at 557, this morning widened to 567 mid). In Tokyo, we resumed trading higher, but street was...

Morning Recap: USTs continued to rally on Monday despite decent gains in equities, as AIG disclosed problems in its credit portfolio and credit continued to widen generally (iTraxx hit record highs at 557, this morning widened to 567 mid). In Tokyo, we resumed trading higher, but street was...

Very quick on rumours'/street talk and good on trading colour, talking about the big flows from pension funds/lifers/Leveraged Money (Real Money account) that are moving the markets in futures, cash Govies and swaps. We talk about Govie supply and how it affects the mkts, have technicians...