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Bund close the opening gap, Treasuries lead
- US Treasuries seem to be leading the way, further cumulative selling going through, TYA in another 3.5k, FVA 2.5k, and USA 1.1k.TYH4 did print a 110.22+ low Yesterday, but the area to watch will be at 110.18
- Bund has now closed its opening gap down to 134.08, recall there's heavy Dutch supply to take in this morning, would equate to some 49.6k Bund, Corporate issuance is also building up with the lack of data and risk events for today.
- A break through the 134.00 figure, opens back to 133.87, followed by 2.372% Yield, which today equates to 133.46.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.