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Bond and Rate futures stays underpinned

BONDS
  • This is the lowest traded volumes in TYU3 since at least the 22nd May, with desks on the sidelines.
  • Upside in Govies and in Rate futures markets has so far been favoured as investors look for EU inflation to ease.
  • The main initial resistance in Bund at 134.95 has held for now.
  • TYU3 did test Friday's high, but has lacked traction, printed a 113.16+ high vs 113.15+ on Friday.
  • The resistance in TYU3 is at 113.18.

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