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5/30s eye the 2020 high

BUNDS

Equities under early pressure is driving Bund higher since the cash open, with reflation trades favoured.

  • Despite the bid in the futures contract, 5/30s now target the 2020 high, achieved on Jan 14th at 84.808.
  • The 30yr yield targets the 5th June high at 0.274%.
  • The 10yr yield -0.286% printed on the same date.
  • Focus today, sees very little in terms of tier 1 data, besides the German IFO.
  • Attention will be on speakers, with ECB Lagarde, BoE Vlieghe, Fed Kaplan and Bowman

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