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10Y Yield Breaks Below 100DMA

HUNGARY
  • Hungary 10Y yield continues its bear retracement, currently trading slightly below the 100DMA.
  • Next key level to watch on the downside stands at 7.32%, which corresponds to the 38.2% Fibo retracement of the 4.43% - 9.11% range.
  • On the topside, resistance to watch above 7.53% (100DMA) stands at 8% (23.6% Fibo).

Source: Bloomberg

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