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Bund Yields Pull Back From Test Of 12-Year Highs

EGBS

Front Bund futures have gained 109 ticks from the session lows set 2.5 hours ago, back around Monday's closing levels (intraday high today of 134.87).

  • As we head into the cash close, from a yield perspective, the 2.574% area (through which would be highest since 2011) has held so far.
  • No particular catalyst seen for the gains, which have come alongside the jump in US Treasuries, BTPs, and Gilts.

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