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KBC: Global core bonds hammered

October 18, 2012
The Moody’s decision on Spain (no downgrade) and stronger US eco data tanked core bonds. The German Bund fell below the 1st support at 140.71. Spanish bonds profited and yields dropped to key technical levels.

Tonight, the EU Summit starts but no big decisions are expected.

You can find full text of research note by KBC in the corresponding section of EU.Cbonds.