From RanSquawk
Volumes remained thin across various asset classes ahead of market holidays related to Christmas and the New Year, together with a light economic calendar
Moody’s maintained the US’s sovereign credit rating at Aaa, adding that the US rating outlook is negative on federal government debt ratio risks, and the US rating could move down if debt ratios and interest costs continue rising
Outperformance was observed in Gilt futures partly helped by lacklustre economic data
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