BONDS: EGBs-GILTS CASH CLOSE: Further Bear Flattening
Bund yields hit a fresh cycle closing high Wednesday, with periphery/semi-core EGBs underperforming overall. * Near-term rate hike expectations rose throughout the session (another half-hike added to the ECB path with 4 hikes over the next 12 months) amid a steady flow of risk-negative Iran/MidEast headlines driving fi