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ALL EYES on the ECB

BUNDS
  • Although a light and a tight overnight range session for Bund, the contract has once again tested another Yield level, testing the 1.380%, the 76.4% retrace of the 2013/2020 fall.
  • This equated to 148.50 yesterday, printed a 148.52 low overnight.
  • Worth keeping an eye on Estoxx future in early trade with the June low situated at 3745.
  • Support here is seen at the 3745/3736 area.
  • ALL EYES on the ECB today, with no tier 1 data releases for today.
  • US Jobless claims is no longer a market mover.
  • SUPPLY: US sells $19bn of 30yr.

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