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Are bear steepening

BUNDS
  • With the German long end under pressure, Germany is bear steepening.
  • The 5s/30s is steepest since the 29th July, and the 2s/10s highest/steepest since the 15th July.
  • Immediate resistance for the 2s/10s is at the 15th July high at 34.94, now at 34.387.
  • The 5s/30s comes at the 29th July high 77.819, now at 77.35

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