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Bund jumps 30 ticks on the cash open

BUNDS
  • Bund Jumps some 30 ticks on the cash open, given the decent fall in UK inflation.
  • German 10yr Yield should be quoted below the 2% mark, which equated to 137.53 Yesterday.
  • The contract has so far found resistance ahead of the Psychological 138.00 figure.
  • French OAT saw similar price action with a 38 ticks jump, and looking at futures level, seems that the French 10yr just found resistance at the February low in Yield, equated to 132.33 (2.483) Yesterday.
  • Bund and OAT are now back towards pre UK data levels.
  • There's no tier data left for the session.
  • SUPPLY: US sells $13bn of 20yr reopening.
  • SPEAKERS: ECB Lane, Fed Goolsbee, Harker.

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