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10yr Yield is close to the 2024 high

BUNDS
  • German 10yr Yield remains close to the January and 2024 high, did not quite challenge 2.372%, and only managed a 2.36% high despite printing a 133.34 low Yesterday.
  • Tnotes saw similar price action, after printing a 110.23 low, short of 110.22+ (Monday's low), this was still short of the January double top of 4.1957% in Yield.
  • Support in Bund is at 133.34, and resistance moves down to 133.87.
  • There's no tier 1 data left for the session, Italian IP should have limited impact, and there's no data on the other side of the Pond, besides the Canadian Employment.
  • Most will be awaiting for the US CPI revisions.
  • SPEAKERS: ECB Nagel, Cipollone, Fed Logan (but non voter in 2024 and 2025, voter in 2026).

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