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Bounces back to 132.00

BUNDS
  • Bund continues to fade the early selling, and edges back to new intraday high, and Yield drifts back towards 2.70%, equated to circa 132.21 yesterday.
  • Resistance is seen further out towards 132.53 initially.

The majority of the flows/Volumes are in Eurex spread, with half the front month volume in Bund spread related.

  • Buxl: 40%.
  • Bund: 39%.
  • Bobl: 42%.
  • Schatz: 44%.
  • BTP: 34%.
  • BTS: 40%.
  • OAT: 36%.

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