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Bonds are fading towards their lows

CROSS ASSET
  • Not seen a clear driver or headlines on the continued pullback from the highs in Govies, some selling across Euribor and German Govies, but strangely the Bobl still outrperforms.
  • Equites are also falling, providing a bid in USD.
  • Bund support is at 137.65 testing now, followed by 137.32.

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