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Bounces are getting some traction.

BONDS
  • UK 2yr Yield falls some 11bps, after Bailey's comments.
  • Gilt is also leading the longer end higher, with next resistance in G M3 seen at 100.98.
  • Bund is back at pre German NRW levels, was trading around 132.52.
  • TYM3 is still short of this week's high at 111.25+, which is seen as the initial small resistance.

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