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Bund and EGBs are steady post US ADP

BUNDS
  • Hardly any moves in Bund, and EGBs, following the ADP miss, was revised slightly higher though.
  • Regardless, the street seems to be squarely focussed on the Fed.
  • Risk in Bund remains to the upside, with the initial resistance unchanged at 133.84 Equates to 2.30%, has failed to make another attempt so far today, falling short to 133.76 in early trade.

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