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Bund and Tnotes are edging higher

BONDS
  • Bund is now finding an underlying bid, and look to test the initial resistance of 134.72/134.80, but seen anything to big in terms of size going through.
  • The lower liquidity this week means that it can very little to move contracts.
  • A clear break through the 134.80, opens to 135.18, which held last week after printing a 135.17 high.
  • Tnotes on the follow are lifted in 5k, and main resistance is seen at 114.00, which would equates to circa 2.75% in Yield today.

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