Remember dodgeball as a kid? The balls placed in the middle of the floor, each side having to wait for the teacher to signal when we could rush in for them. Invariably you’d start tiptoeing towards the ‘weapons’ before a full-on sprint would ensue. (Redburn has hosted a few client events with this activity and welcome any/all comers if you dare.) That’s what these markets feel like – a tempered enthusiasm mixed with some reticence as market participants wait/hope for a conclusion to talks betw…
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