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Euro Area rates weekly review

Barclays notes:

This weekend's decision from the EUR/EU Summits will likely be an important turning point for Greece's place in the eurozone. Our base case remains for a Grexit, particularly in light of the referendum outcome. However, we expect contagion to remain limited with the looming ECB meeting. We recommend closing receive 1y1y fwd EONIA, but staying long outright 5y5y fwd Italy, 10y Bund, Bund ASW vs EONIA and short ERU5.

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