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Bund is through initial support

BUNDS

Bund continues to plummet, and through lowest levels since 26/02.

  • Most investors will now look at the 25/02 low at 169.24, but key will be in yield terms at 169.15 (-0.14%, 2020 peak and highest yield since 28/05/19)
  • This might keep the EUR underpinned

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