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Bund test session high

BONDS
  • Bund closed the downside gap, but is now led higher by Treasuries, after Equity falls through their session lows.
  • Volumes are on the low side ahead of a busy Data week, with EU CPIs at the forefront.
  • Bund traded as high as 134.68 on Friday, but main initial resistance is still at 134.95.
  • Month End Bond extensions are small averages for this Month, but desks will likely favour being positioned for weaker inflation.

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