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Bund and Treasuries are pushing higher

BONDS

Bund is slowly extending towards the 2.30% level in Yield, a Psychological mark, but also the 50% retrace of the Dec/June range.

Today reference 133.69, this level is slightly higher.

  • 2.30% = 133.84 vs 133.82 yty.
  • 2.25% = 134.37.
  • 2.20% = 134.90 (~61.8% retrace).

Looking at the US 10yr (TYU4), printed at 111.21 high yesterday, while the next area of interest in Yield, comes at 4.10%, will be watched by Cash and Swap traders.

  • Today, this would equate to circa 111.27.

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