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Bund edges towards 2.40% high in Yield

CROSS ASSET
  • German 10yr Yield keeps going, as future breaks below yesterday's low and the next support seen at 135.52, printed a 135.42 low.
  • Next immediate target is at the 2.40% Yield, which equates circa 135.37,

Further out:

  • 2.450% = 134.79
  • 2.500% = 134.21
  • 2.557% = 133.55 (61.8% retrace 2008/2020 fall).
  • Moves in Germany starts to drag Equities off their highs.
  • No spillovers into USD

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