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Bund support hold, fade in US Yield

BONDS

US Tnotes (TYM4), similar to what was seen at 4.60%, some cover and squaring at these level (4.65%).

Some investors are also likely parking cash at these higher Yield levels.

As noted earlier:

  • 4.7000% = 107.11.
  • 4.7268% = 107.06+ (retracement level see chart).

Support noted in Bund at 131.54 has so far held.

Chart source: MNI/Bloomberg

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