September 12, 2024 12:38 GMT
An initial spike followed by a pullback
BUNDS
- An initial spike higher in Bund on the IJC miss, but this was countered by a beat in the US PPI.
- Bund is now 15 ticks off the high, and while most will look at the August double of 135.66 as the next resistance, the 10yr Yield is at 2.078%, which today equates to a lower level versus Yesterday, was at 135.55, and today at 135.51.
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