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Bonds extending higher

CROSS ASSET
  • Bund has gained some 27 ticks in the past 30 minutes, with buying starting around 7.56GMT, early volumes are notable in early trade, already over 200k traded in TYZ3 for this time of the day.
  • As noted pre cash open, Oil is under pressure and was the early notable mover across asset, with some potential stops noted around $80.20 and $80.15, and although WTI bounced back above $80.00, the contract saw another round of selling with selling momentum hitting at 07.556GMT, now falling to the $79.40 mark.
  • The bid in Bonds seem to match with the slip in Oil timing move.

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