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10Y Yield Finds Support Slightly Below 5.89%

POLAND
  • Poland 10Y yield ticked lower yesterday after retracing higher in recent days; LT bond yields have been consolidating sharply lower in the past few weeks as preference for traditional safe havens such as government bonds has been surging amid rising recession risks.
  • ST key support to watch on the downside stands at 5.36% (61.8% FIbo of 3.65% - 8.13% range), followed by 4.96% (200DMA).
  • On the topside, resistance to watch stands at 5.89% (50% retracement).

Source: Bloomberg

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