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BUNDS: Extending lower post US ADP

BUNDS
  • Bund was already making an attempt at its intraday low pre US ADP, the data beat has now pushed the contract an extra small 7 ticks lower, and in turn the 10yr Yield back at the 2.10% (not a Yield level).
  • Next support is still seen around the 135.12 area.
  • There are still plenty more important data going into Friday NFP, Global services PMIs, final for France, Germany, EU, UK, US, Swiss CPI, UK DMP, EU PPI, US IJC, Factory orders, ISM Servicesprice paid, and final durable Goods (thu), US NFP/AHE (fri).
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  • Bund was already making an attempt at its intraday low pre US ADP, the data beat has now pushed the contract an extra small 7 ticks lower, and in turn the 10yr Yield back at the 2.10% (not a Yield level).
  • Next support is still seen around the 135.12 area.
  • There are still plenty more important data going into Friday NFP, Global services PMIs, final for France, Germany, EU, UK, US, Swiss CPI, UK DMP, EU PPI, US IJC, Factory orders, ISM Servicesprice paid, and final durable Goods (thu), US NFP/AHE (fri).