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Bonds were sold off amid whispers that the ECB will taper
bond purchases at a monthly rate of EUR10bn a month before the end of
quantitative easing. On the other hand, the unidentified officials who
were cited also do not want to rule out that QE could still be extended
past the Mar 2017 at full pace. Talks of tapering drove up global yields
overnight. The Euro 10yr yields rose around 6bps from its overnight lows.
Even UST 10yr yields shot higher towards 1.7% ...
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