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Bund tests the August low

BONDS
  • Gilt on the follow is taking its cue from the price action in EGBs and is eyeing a test to the August low, this is situated at 99.20 in the September expiry.
  • Although most investors will be looking at the December month, September is still the most active contract by ~80k lots in Gilt.
  • The German Supply equated to 37.8k Bobl and the Italian supply equated to 23.2k short 2yr BTP, combined with a pretty packed day on the Issuance front has all helped weighing on Futures.
  • The break below the figure in Bund and the 133.94 area, cleared very short term intraday longs.
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  • Gilt on the follow is taking its cue from the price action in EGBs and is eyeing a test to the August low, this is situated at 99.20 in the September expiry.
  • Although most investors will be looking at the December month, September is still the most active contract by ~80k lots in Gilt.
  • The German Supply equated to 37.8k Bobl and the Italian supply equated to 23.2k short 2yr BTP, combined with a pretty packed day on the Issuance front has all helped weighing on Futures.
  • The break below the figure in Bund and the 133.94 area, cleared very short term intraday longs.