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10Y Yield Testing LT Upward Trending Support Line

  • Poland 10Y yield has been testing its LT upward trending support line after consolidating sharply lower the week before.
  • A break below that level (5.7%) would open the door for a move down to 5.36% , which corresponds to the 61.8% Fibo retracement of the 3.65% - 8.13% range.
  • On the topside, resistance to watch stands at 6%.

Source: Bloomberg

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