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Are seeing better buying ahead of US ISM release

BONDS
  • Let's keep an eye on Bund, with broader base buying across US, UK, BTP, and Gilts. Potentially some short term squaring as we head to the event of the day, with US ISM release at the top of the hour.
  • BTP eye next support in Yield at 0.570%, which equate to 154.92.
  • Bund next resistance comes at 176.79 1.50 proj of the May 19 - Jun 11 - Jun 22 price swing
  • In yield terms, -0.50% would equate to 177.23 above. (Ref 176.68)

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