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Busy open, bear steepening

BUNDS

Bund sees decent selling volume in tandem with Equities.

  • Nasdaq and S&P leads.
  • Bunds continue to unwind that PEPP faster pace buying comments from yesterday, as overnight source suggest of no intentions in expanding the emergency stimulus program
  • WATCH 5/30s here as we once again eye a test at the Jan 2020 peak situated at 84.808.
  • We failed to test this area in Feb and this Month{qs}
  • Bund is through yesterday's lows and now targets 171.07 next

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