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Better buying in early trade

BONDS
  • Better buying of Tnotes on the European cash open, this has been a continuation from the overnight session, with heavy buying volumes for Treasuries overnight.
  • Market just consolidate some of yesterday's sell off.
  • Small resistance is seen here at the intraday high 131.21, ahead of yesterday's high at 131.37.
  • 10yr yield dips back towards 1.51% after reaching highest level in 3 months, and short of next resistance at 1.59%, printed 1.5652 high yesterday.
  • Resistance in Bund, moves down to 170.09, ahead of yesterday's high at 170.31

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