Going into the ECB meeting Thursday, positioning in the German curve remains short in the front end since our last update. But the longer-end is showing increasingly long positioning, alongside BTP and Gilt.
Source: MNI Pi
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Three of the four parties that formed the leftist 'NUPES' alliance in the French parliamentary election have rejected overtures from head of the largest faction, La France Insoumise (France Unbowed, LFI)' Jean-Luc Mélenchon, to form a single parliamentary group in the National Assembly.
Japan's ruling Liberal Democratic Party is expected to push for constitutional reforms to allow an overhaul of the military following the July 10 House of Councilors elections.
Political betting markets show Prime Minister Boris Johnson's centre-right Conservatives as likely to lose both parliamentary by-elections taking place this Thursday 23 June. Data from Smarkets shows a 98% implied probability that the centre-left Labour Party wins the northern English seat of Wakefield from the Conservatives, while the centrist Liberal Democrats are given a 76.9% implied probability of taking Tiverton and Honiton in southwest England from Johnson's party.
Source: Smarkets