November 26, 2024 12:21 GMT
BUNDS: Testing immediate resistance
BUNDS
- Bund is again testing the retracement Yield level of 2.197%, so far printed a 2.195% low.
- Not seen any standout flow size, BTP is bought in 1.5k and OAT 1k.
- US Tnotes is still lagging, helping keep the German/US 10yr spread below 210.00bps.
- The German 10yr Yield level still holds in Bund, but further push lower would open to 2.175% = 133.92.
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