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Bunds are back to flat on the day

EGBS

A good recovery for Bund, with the contract back to flat on the day.

  • Semi core are lagging behind, and as such, have moved wider.
  • Italy is 3bps wider at 151.6bps
  • German 5/30 is now bear flatter, following better long end buying interest, but still trading within last Thursday's range at 66.68.
  • Bund has so far failed at 174.00, but further upside momentum would open towards MNI tech next resistance at 174.34 High Sep 3 and the bull trigger

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