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Bund is testing lower on the open, and........>

BUNDS
BUNDS: Bund is testing lower on the open, and making an attempt at that -0.494%
yield resistance, despite Equities being better offered. Still plenty of
concerns regarding re-opening globally, with some countries showing surges in
cases as they re-open. 
-Really short term, this morning sees Germany Selling EU4 Bln of 2027 Bonds at
10.30BST, which should keep the upside in check going into the bidding deadline.
-Medium term, upside should still be favoured given the macro economic outlook.
*Further downside pullback will initially target our tech department 172.89,
followed by 172.62 50-day EMA

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