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Bunds have broken through trendline support...>

BUNDS
BUNDS: Bunds have broken through trendline support drawn off the July 12 low at
178.47. Downside focus now on the 177.82 level (August 19 low) . If we break
here it would confirm the beginning of a technical correction. However, as we
note above the underlying details of the German PMI don't look positive so the
sell-off may not extend too far.

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