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10Y Yield Approaching 9% Resistance

  • Hungary 10y yield has been retracing higher in the past week, gradually approaching its ST key resistance at 9%.
  • A break above that level would open the door for a move up to 9.12% (mid July high).
  • On the downside, support to watch stands at 8.32% (50DMA), followed by 8%

Source: Bloomberg

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