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200d MA in US 10yr Yield holds

BONDS
  • US Tnotes (TYM4) has recovered from the low, and the mentioned 200d MA did hold as desks faded off that level at 4.1996%, printed a 4.1918% high.
  • Some of the bounce are met by some small selling, but more so in the front end.
  • In Europe, front Euribor (ERH4) is sold in 5k down 96.065.
  • As a side note some of the elevated volume in ERM4, is mostly spread related, with ERM4/ERU4 trading a total of ~23k outright spread, mostly to the buy side, now trading at Yesterday's high.

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